Business / Construction / Bond or bonding : An amount of money (usually $5,000-$10,000) which must be on deposit with a governmental agency in order to secure a contractor's license. The bond may be used to pay for the unpaid bills or disputed work of the contractor. Not to be confused with a 'performance bond'. Such bonds are rarely used in residential construction, they are an insurance policy which guarantees proper completion of a project.
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Bond Noun Synonyms: tie(s), shackles, chains, fetters, manacles, handcuffs, trammels, thongs, cord(s), rope(s), restraint(s), constraint(s), check(s), control(s), rein(s)
Bond Verb Synonyms: cement, bind, hold together, stick, cohere
Science / Biology / Peroxisomes: Membrane-bound vesicles in eukaryotic cells that contain oxidative enzymes. MORE
Business / Finance / Perpendicular Spread: Option strategy involving the purchase of options with similar expiration dates and different exercise prices. MORE