A Bond Which Guarantees the Performance of the Terms of a Contract

question 42

Multiple Choice

A bond which guarantees the performance of the terms of a contract is a(n) ____ bond.

• A) judicial
• B) official
• C) performance
• D) fidelity

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Definitions:

Stock Exchange Bid

An offer made by an investor, trader, or dealer to buy a security that specifies the price and the quantity the buyer is willing to purchase.

Corporate Takeover

An event where one company purchases or acquires control over another company, either through a mutual agreement or a hostile bid.

Shares

Units of ownership interest in a corporation or financial asset, providing for an equal distribution in any profits, if any are declared.

Taxable Transactions

Transactions subject to taxation by governing authorities, typically involving the sale or transfer of goods, services, or assets.