A bond, which guarantees the performance of the terms of a contract, is a(n) :

A) judicial bond.
B) official bond.
C) performance bond.
D) fidelity bond.

Performance Bond

A surety bond issued by an insurance company to guarantee satisfactory completion of a project by a contractor.

Judicial Bond

A type of surety bond required by courts to ensure the fulfillment of a legal action or compensation for possible losses.

Contract

A formal agreement that binds two or more parties together under legal accountability.