Practical Law UK Glossary 3-107-6993 (Approx. 3 pages)
Glossary
Performance guarantee
A non-legal term with a meaning which depends upon the circumstances in which it is used. Finance lawyers (and in particular those engaged in trade finance) are likely to understand the term to mean the same as performance bond. Commercial lawyers, on the other hand, are likely to understand it to be another term for a see-to-it guarantee.