Which of the following roles does a performance bond NOT typically serve?

A performance bond typically serves several important functions in leasing and contract agreements. One of its primary roles is to promote lease compliance, ensuring that the lessee fulfills their contractual obligations. This compliance can include making timely payments and maintaining the leased equipment in good condition.

The bond also serves to assure financial stability to the lessor, as it acts as a safety net in case the lessee fails to meet their obligations. This is particularly crucial in protecting the lessor's interests and minimizing financial risk.

Additionally, a performance bond provides risk protection by serving as a financial guarantee that there will be funds available to cover losses in the event the lessee defaults on their obligations.

However, the performance bond does not guarantee equipment ownership. Ownership of the equipment remains with the lessor throughout the lease term, and the bond does not transfer any ownership rights to the lessee. Therefore, the correct answer is that a performance bond does not typically serve the role of guaranteeing equipment ownership.