"performance bond" meaning in English

{
  "forms": [
    {
      "form": "performance bonds",
      "tags": [
        "plural"
      ]
    }
  ],
  "head_templates": [
    {
      "args": {},
      "expansion": "performance bond (plural performance bonds)",
      "name": "en-noun"
    }
  ],
  "lang": "English",
  "lang_code": "en",
  "pos": "noun",
  "senses": [
    {
      "categories": [
        {
          "kind": "other",
          "name": "English entries with incorrect language header",
          "parents": [
            "Entries with incorrect language header",
            "Entry maintenance"
          ],
          "source": "w"
        },
        {
          "kind": "topical",
          "langcode": "en",
          "name": "Law",
          "orig": "en:Law",
          "parents": [
            "Justice",
            "Society",
            "All topics",
            "Fundamental"
          ],
          "source": "w"
        }
      ],
      "glosses": [
        "A contractor's bond, guaranteeing that the contractor will perform the contract and providing that, in the event of default, the surety may complete the contract or pay damages up to the bond limit."
      ],
      "id": "en-performance_bond-en-noun-rpqDEK0R",
      "links": [
        [
          "law",
          "law#English"
        ],
        [
          "contractor",
          "contractor"
        ],
        [
          "guarantee",
          "guarantee"
        ],
        [
          "perform",
          "perform"
        ],
        [
          "contract",
          "contract"
        ],
        [
          "default",
          "default"
        ],
        [
          "surety",
          "surety"
        ],
        [
          "damages",
          "damages"
        ],
        [
          "bond",
          "bond"
        ]
      ],
      "raw_glosses": [
        "(law) A contractor's bond, guaranteeing that the contractor will perform the contract and providing that, in the event of default, the surety may complete the contract or pay damages up to the bond limit."
      ],
      "topics": [
        "law"
      ],
      "translations": [
        {
          "code": "nl",
          "lang": "Dutch",
          "sense": "a contractor's bond",
          "tags": [
            "feminine"
          ],
          "word": "dwangsom"
        },
        {
          "code": "de",
          "lang": "German",
          "sense": "a contractor's bond",
          "tags": [
            "feminine"
          ],
          "word": "Erfüllungsgarantie"
        },
        {
          "code": "ru",
          "lang": "Russian",
          "roman": "garántija ispolnénija objazátelʹstv",
          "sense": "a contractor's bond",
          "tags": [
            "feminine"
          ],
          "word": "гара́нтия исполне́ния обяза́тельств"
        },
        {
          "code": "es",
          "lang": "Spanish",
          "sense": "a contractor's bond",
          "tags": [
            "feminine"
          ],
          "word": "fianza de cumplimiento"
        },
        {
          "code": "tl",
          "lang": "Tagalog",
          "sense": "a contractor's bond",
          "word": "panagot-ganap"
        }
      ]
    }
  ],
  "word": "performance bond"
}

{
  "forms": [
    {
      "form": "performance bonds",
      "tags": [
        "plural"
      ]
    }
  ],
  "head_templates": [
    {
      "args": {},
      "expansion": "performance bond (plural performance bonds)",
      "name": "en-noun"
    }
  ],
  "lang": "English",
  "lang_code": "en",
  "pos": "noun",
  "senses": [
    {
      "categories": [
        "English countable nouns",
        "English entries with incorrect language header",
        "English lemmas",
        "English multiword terms",
        "English nouns",
        "en:Law"
      ],
      "glosses": [
        "A contractor's bond, guaranteeing that the contractor will perform the contract and providing that, in the event of default, the surety may complete the contract or pay damages up to the bond limit."
      ],
      "links": [
        [
          "law",
          "law#English"
        ],
        [
          "contractor",
          "contractor"
        ],
        [
          "guarantee",
          "guarantee"
        ],
        [
          "perform",
          "perform"
        ],
        [
          "contract",
          "contract"
        ],
        [
          "default",
          "default"
        ],
        [
          "surety",
          "surety"
        ],
        [
          "damages",
          "damages"
        ],
        [
          "bond",
          "bond"
        ]
      ],
      "raw_glosses": [
        "(law) A contractor's bond, guaranteeing that the contractor will perform the contract and providing that, in the event of default, the surety may complete the contract or pay damages up to the bond limit."
      ],
      "topics": [
        "law"
      ]
    }
  ],
  "translations": [
    {
      "code": "nl",
      "lang": "Dutch",
      "sense": "a contractor's bond",
      "tags": [
        "feminine"
      ],
      "word": "dwangsom"
    },
    {
      "code": "de",
      "lang": "German",
      "sense": "a contractor's bond",
      "tags": [
        "feminine"
      ],
      "word": "Erfüllungsgarantie"
    },
    {
      "code": "ru",
      "lang": "Russian",
      "roman": "garántija ispolnénija objazátelʹstv",
      "sense": "a contractor's bond",
      "tags": [
        "feminine"
      ],
      "word": "гара́нтия исполне́ния обяза́тельств"
    },
    {
      "code": "es",
      "lang": "Spanish",
      "sense": "a contractor's bond",
      "tags": [
        "feminine"
      ],
      "word": "fianza de cumplimiento"
    },
    {
      "code": "tl",
      "lang": "Tagalog",
      "sense": "a contractor's bond",
      "word": "panagot-ganap"
    }
  ],
  "word": "performance bond"
}