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Bond is mutual understanding between 2 or more and contract is for the receivables.
Wiki User
∙ 13y ago
Yes, there is a difference between a contract and a bond. A contract is a legally binding agreement between two or more parties that outlines the terms and conditions of their relationship, while a bond is a financial instrument that represents a loan made by an investor to a borrower, typically a corporation or government. Contracts involve the exchange of goods, services, or promises, while bonds involve the exchange of money with a promise to repay the principal amount plus interest at a later date.
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Difference between communication and mass communication?
the difference is that communication is singular or one person and mass communication is a lot of people communicating.At a word: any difference between individual and collective
What is the meaning of saying thank you?
Saying thank you is a way to express gratitude and appreciation for something someone has done for you. It acknowledges their effort, kindness, or assistance, and strengthens the bond between you and the other person.
What does the word indentured mean?
Indentured refers to a legal agreement in which a person agrees to work for another person or company for a specified period of time in exchange for something, often transportation, food, and shelter. It was historically used as a form of labor contract in which the person was typically bound by the agreement for a set number of years.
What is the difference between pledged delegates and superdelegates?
Pledged delegates are awarded to candidates based on the results of primaries and caucuses, while superdelegates are party leaders and officials who can support any candidate at the national convention. Pledged delegates are bound to vote for a specific candidate based on the outcome of the state's contest, while superdelegates are free to support any candidate.
What is a democracy and a federal rebublic?
A democracy is a system of government where the power is vested in the people, who exercise it directly or through elected representatives. A federal republic is a type of democracy where the power is divided between a central government and individual states or regions, each with its own authority and autonomy within the overarching framework of the country.
What is the difference between terminate a contract and annul a contract?
Terminate means to end the contract at a specific point. To annul a contract means to act as if it never existed. The courts would annul any illegal contracts.
Which is an example of a polar bond?
Any bond between non-metallic elements where there is a difference in electronegtaivity gresaater than 0.25 would serve as examples. HCl, the OH bond in water. the P-Cl bond in PCl3.
What is the difference between a contract document and a tender document?
A contract is an agreement between two parties for any means, typically involving some sort of exchange. A tender document is a document that indications the specification of a customer.
What is the difference between offer and invitation to trade?
offer is a legal step in the start of a contract. invitation to trade is just that. An invitation to any and all parties interested in engaging in contract talks.
Difference Between Contract and Prepaid Verizon Cell Phones?
A contract phone is a phone that you pay a monthly rate for, and have to keep paying for. They're usually cheaper, but with a prepaid phone, you can stop your service at any time without breaking the contract.
What is the difference between covelant bonds and ionic bonds?
A covalent bond is much stronger than an ionic bond.
What is correct charg of N on a N-N bond?
Since there's no difference in electronegativity between the two atoms (applies to any homonuclear diatomic), the bond is perfectly covalent and neither atom is charged.
What are fidelity bond limits?
A "fidelity bond limit" is the actual dollar amount of insurance protection provided by the fidelity bond/insurance contract. E.g., a $100,000 fidelity bond will pay up to $100,000 in covered loss that exceeds the applicable deductible on the bond, if any. A "fidelity bond limit" is the actual dollar amount of insurance protection provided by the fidelity bond/insurance contract. E.g., a $100,000 fidelity bond will pay up to $100,000 in covered loss that exceeds the applicable deductible on the bond, if any.
How much does it cost to get bonding insurance?
The real question is not the cost, but can you qualify for the bond. This applies to cotract performance bonds. If you are referring to permit bonds they are easy to get and cost about $100. However, do not confuse the difference between bonding and insurance. Wth a bond you will agree to repay the bonding company if they incurr any expense or pay any claim from the bond. On an insurance claim you do not repay the insurance company if they pay a claim on your policy unless you have a deductible.
Can the insurance company that issued performance bond sue for reimbursement after paying the guaranteed sum to the client?
Absolutely. A performance bond is a guarantee that you will complete the terms of your contract. If you fail to do this then the insurance company will either take over the contract and see that the terms are completed or them will negotiate an amount of damages due to the payee and see that they are paid promptly. Under the terms of the Bond contract you are liable to reimburse the bond company for any and all losses they may have occured in completing your contract that was insured.
What is the Difference between short and long term contract?
A short term contract is any contract that is started and completed within a fiscal year. A long-term contract is any contract that is started in a fiscal year and is completed in another fiscal year. For instance. If the taxpayer has a December 31 year end and a contract is started on December 24th and completed on January 3rd, this is deemed a long-term contract even though the duration of the contract was only 10 days.
What is the difference between lump sum contract and turnkey contract?
A lump sum contract is an agreement to make a one time payment for goods and services as specified by the purchaser in the agreement. A turnkey contract is an agreement to deliver a completed ready to use service or project without any specifications made by the purchaser.
