Dictionary of Business Terms: performance
performance
Law: fulfillment of an obligation or a promise; especially, completion of one's duty under a contract.
Marketing: high level of capability in a product, such as a highperformance car.
Dictionary of Real Estate Terms: performance
performance
in contract law, the completion of duties and obligations specified in a contract.
Example: Patty, the tenant, and Bruce, the landlord, agreed upon the terms of the lease. The lease expired after the performance of the parties.
