Legal definition of bond
Nettet6. des. 2024 · Surety is the guarantee of the debts of one party by another. A surety is the organization or person that assumes the responsibility of paying the debt in case the debtor policy defaults or is ... Nettet14. feb. 2024 · surety bond: [noun] a bond guaranteeing performance of a contract or obligation.
Legal definition of bond
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Nettet6. feb. 2024 · An appeal bond, also called a supersedeas bond, is a specialized type of court bond that’s used in civil cases. When a defendant loses a case but wishes to appeal the ruling to a higher court, he may obtain an appeal bond. This appeal bond allows the defendant to hold off paying the judgment ordered by the lower court until the higher … Nettetbail bond: A written promise signed by a defendant or a surety (one who promises to act in place of another) to pay an amount fixed by a court should the defendant named in the …
Nettetbond. n. 1) written evidence of debt issued by a company with the terms of payment spelled out. A bond differs from corporate shares of stock since bond payments are pre-determined and provide a final pay-off date, while stock dividends vary depending on … Netteta. : to cause to adhere firmly. Heat is used to bond the plastic sheets together. b. : to embed in a matrix (see matrix sense 3b) abrasive material bonded in a resinous binder. …
Nettetbail bond. n. a bond provided by an insurance company through a bail bondsman acting as agent for the company, to secure the release from jail of an accused defendant … NettetBonds refer to high-security debt instruments that enable an entity to raise funds and fulfil capital requirements. It is a category of debt that borrowers avail from individual investors for a specified tenure. Organisations, including companies, governments, municipalities and other entities, issue bonds for investors in primary markets.
Nettet24. okt. 2024 · Key Takeaways. The bond market can help investors diversify beyond stocks. Some of the characteristics of bonds include their maturity, their coupon (interest) rate, their tax status, and their ...
Nettetbond. ( bɒnd) n. 1. something that binds, fastens, or holds together, such as a chain or rope. 2. ( often plural) something that brings or holds people together; tie: a bond of friendship. 3. ( plural) something that restrains or imprisons; captivity or imprisonment. 4. something that governs behaviour; obligation; duty. hampton inn kansas city southeast moNettet12. okt. 2024 · For most surety bonds, the obligee is a local, state or federal government organization. Surety Bond Need to Know. In practice, surety bonds can have several variations to their definition, meaning, and purpose depending on the specific bond requirement. There are thousands of different types of surety bonds across the country. hampton inn kansas city shawnee missionNettetBonds: Written documents by which a government, corporation, or individual—the obligor—promises to perform a certain act, usually the payment of a definite sum of … burton modern snowboard boots womensNettet9. mar. 2024 · Bond: A bond is a fixed income investment in which an investor loans money to an entity (typically corporate or governmental) which borrows the funds for a defined period of time at a variable or ... hampton inn kansas city the legendsNettetThe following is an example of a state statute defining the term bond. According to Va. Code Ann. � 19.2-119, a "Bond" means the posting by a person or his surety of a … hampton inn katy freewayNettet23. mar. 2024 · Obligor: An obligor, also known as a debtor, is a person or entity who is legally or contractually obliged to provide a benefit or payment to another. In a financial context, the term "obligor ... hampton inn kansas city northeastNettetbail bond. n. a bond provided by an insurance company through a bail bondsman acting as agent for the company, to secure the release from jail of an accused defendant pending trial. Usually there is a charge of 10 percent of the amount of the bond (e.g. $100 for a $1,000 bond) and often the defendant must put up some collateral like a second ... burton morewood cofe primary school