What is another word for letter bond?
Pronunciation: [lˈɛtə bˈɒnd] (IPA) 
When it comes to legal and financial documents, the term "letter bond" might come up often. However, there are several synonyms that can be used instead of this term. One commonly used synonym is "surety bond," which is a type of insurance policy that guarantees the completion of a project or payment of a debt. Another synonym is "performance bond," which is a bond that ensures the completion of a project by a contractor. "Bid bond" is another synonym, which is a type of bond that guarantees the contractor will fulfill the requirements of a bid. Overall, these terms refer to bonds that guarantee the performance of a contractual obligation, providing security to all parties involved in the agreement.
