A film completion bond is a type of insurance policy that guarantees the completion of a film project on time and within budget. This financial safeguard protects investors by ensuring that if a production faces delays or financial issues, the bond company will step in to either complete the film or reimburse the investors. This bond is essential in the industry, as it helps manage risks associated with production timelines and budgets.
congrats on reading the definition of Film Completion Bond. now let's actually learn it.