VIEW THE DEFINITIONS OF TECHNICAL TERMS.
If you would like to download the entire glossary (PDF format), click here.
Click on the first letter of the word you are searching for.
|Guarantee of performance bonds scheme :||
The compensation mechanism that covers performance bonds given by credit institutions in favour of business professionals. The FGDR takes the place of a failed institution when it is no longer able to honour, vis-à-vis the public, the performance bonds issued by it in favour of business professionals who are required by law to provide a guarantee to their customers.
See "Guarantee of performance bonds scheme" on this site.