Export Bond
/ˈɛksˌpɔrt bɑnd/
Definitions
- (n.) A financial guarantee ensuring that an exporter meets the terms of an export contract, such as delivery and payment obligations.
The exporter secured an export bond to comply with customs and contractual requirements.
Forms
- export bond
- export bonds
Related terms
See also
Commentary
Typically issued by a bank or surety company, export bonds protect importers, exporters, and governments by mitigating risks related to cross-border trade compliance and payments.
This glossary is for general informational and educational purposes only. Definitions are jurisdiction-agnostic but reflect terminology and concepts primarily drawn from English and American legal traditions. Nothing herein constitutes legal advice or creates a lawyer-client relationship. Users should consult qualified counsel for advice on specific matters or jurisdictions.