Русско-англо-русский юридический словарь

A performance guarantee is a form of financial security provided by a person to secure the performance of the contractual obligations of another. It usually provides for a monetary amount that may be called upon by the beneficiary of the guarantee in the event of a contractor's failure to perform its obligations under the contract. (Performance guarantees in construction contracts by Andrew Stephenson and Patrick Daley, claytonutz.com)

A performance guarantee is a form of financial security provided by a person to secure the performance of the contractual obligations of another. It usually provides for a monetary amount that may be called upon by the beneficiary of the guarantee in the event of a contractor's failure to perform its obligations under the contract. (Performance guarantees in construction contracts by Andrew Stephenson and Patrick Daley, claytonutz.com)

The IRS has ruled that no charitable deduction is allowable with respect to a CLT that gives the trustee the power to commute and prepay the charitable beneficiary the value of the future annuity payments which it is entitled to receive. [...] The right of the trustee to commute and prepay the annuity deprives the charitable beneficiary of the right to receive payments of a fixed amount over a specified term. (Price on Contemporary Estate Planning (2009))

An IMF official said the fund would withhold financial support unless it has guarantees Greece can carry out a "comprehensive" set of reforms and will be the beneficiary of debt relief from its European creditors. (The Telegraph)