What is another word for PERMIT BOND?
Pronunciation: [pˈɜːmɪt bˈɒnd] (IPA) 
A permit bond is a type of surety bond required by government agencies before issuing permits to construction companies and contractors. Permit bonds ensure that contractors complete projects in accordance with all applicable laws, regulations, and building codes. Synonyms for permit bond include contractor license bond, construction bond, license and permit bond, performance bond, and payment bond. Each of these bonds serves a similar purpose as a permit bond but may have different requirements and specifications. Contractors and construction companies must obtain the appropriate bond to remain compliant with the law and ensure the successful completion of their projects.
