TERMIUM Plus®

The Government of Canada’s terminology and linguistic data bank.

ORDINARY SUPPLY CONTRACT BOND [1 record]

Record 1 1982-03-25

English

Subject field(s)
  • Insurance
  • Fire, Accidents, Miscellaneous Risks (Insur.)
OBS

The ordinary supply contract bond however is rated on the total contract price as in the case of a Performance Bond and here again two rates are applicable - one where the Bond exceeds 50% of the contract price, and a lower rate where the Bond is for 50% or less of the contract price.

French

Domaine(s)
  • Assurances
  • Incendies, accidents et risques divers (Assur.)
OBS

En ce qui regarde la prime d'un cautionnement concernant la fourniture ordinaire, on la calcule sur le montant du contrat et tout comme le cautionnement concernant l'exécution de contrat, deux taux peuvent s'appliquer - un lorsque le cautionnement excède 50% du montant du contrat et un taux inférieur quand le cautionnement est de 50% ou moins.

Spanish

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