nonoperative performance bond

glossary / nonoperative performance bond
A performance bond that is not currently in effect but is activated upon the issuance of the buyer’s letter of credit or other approved financing.
专业法律词汇 词条贡献者
资深译员Steven，毕业于美国一流的高级翻译学院，专注翻译各种与政府政策有关的法律文件。