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completion bond

   Also found in: Dictionary/thesaurus, Financial, Wikipedia 0.01 sec.
completion bond, construction bond, contract bond
The guarantee of a bonding company that a contractor will perform and deliver the work contracted for free of all encumbrances and liens.


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Milstein further expanded his Rolodex, and his range of experience, when he joined the Completion Bond Company and later founded the international completion guarantee company, cineFinance.
Among the biggest challenges facing independent filmmakers are securing a completion bond and obtaining financing.
Since then he has remained active in the industry as a partner in Film Finances of Canada, a completion bond company he co-founded in the early 1980s.
 
 
 
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