Teljesítménybiztosítás
Teljesítménybiztosítás, which translates to performance insurance or performance guarantee in English, is a type of financial instrument or contract designed to ensure that a specific outcome or performance level is achieved. It is often used in commercial transactions, construction projects, and service agreements to mitigate risks associated with non-performance.
The core principle of teljesítménybiztosítás is to provide a financial backstop if one party fails to meet
If the party responsible for the performance fails to deliver, the guarantor steps in to compensate the
Teljesítménybiztosítás serves to build confidence between parties involved in a transaction, especially when the stakes are