PERFORMANCE BONDS


Meaning of PERFORMANCE BONDS in English

Similar to a deposit refund system (see above) but categorised as an economic policy instrument, a bond is placed equal to the estimated social costs of possible environmental damage as a surety for complying with environmental requirements and is forfeit if these requirements are not met. Scialabba (1998)

Fishery English glossary.      Английский глоссарий рыболовства .