Which of the Following Best Explains 'Performance Guarantee

Multiple Choice

Which of the following best explains 'performance guarantee'? 

A)  Written guarantee from a third-party guarantor. 
B)  The contractor guarantees the actual output or outcome of the work to be delivered. 
C)  Holding company secures payment for agreed sum in case business unit fails to make payments. 
D)  Business unit guarantees to pay holding company.