Bid bond

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Bid bond

A form of bid security executed by the bidder as principal.

bid bond

A form of bid security executed by the bidder as principal and by a surety. Also see bid security and surety
References in periodicals archive ?
That includes (1) the Ferrous Metals Research Institute (bid bonds requested for four packages are L.E.
Bid Bond Broker's Questionable Conduct Not Imputed to Bidder