Define: Performance Bank Guarantee (PBG)

The meaning of “Performance Bank Guarantee (PBG)” differs based on where it is used. We list many below, then combine them into one or more market-standard definitions.

Which definition should you use?

🤔 Our AI Legal Assistant has combined and improved the above descriptions to create market-standard 'Genie definitions' below, with guidance on which documents and which industry to use for each.

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What is the most popular definition of 'Performance Bank Guarantee (PBG)'?

Performance Bank Guarantee (PBG) means a monetary assurance, given by the successful party, ensuring the fulfilment of contract terms