what does bond mean in law?
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Attachment Bond Law and Legal Definition Attachment Bond Law and Legal Definition. Attachment bond is a bond given by a defendant in order to have an attachment released that ensures payment of a judgment awarded to the plaintiff. It is a bond required of a plaintiff seeking an attachment, conditioned to pay the costs and damages which the defendant may sustain in the event the plaintiff loses the suit.
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Covenant (law) Covenant (law) A covenant, in its most general sense and historical sense, is a solemn promise to engage in or refrain from a specified action. Under historical English common law a covenant was distinguished from an ordinary contract by the presence of a seal.
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- Bonds A bond is any interest-bearing or discounted government or corporate security that obligates the issuer to pay the bondholder a specified sum of money, usually at specific intervals, and to repay the principle amount of the loan at maturity.
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- In reality, this is a two part question. A bond, also referred to as an appearance bond is in essence a contract between the State of Florida, the Bail Bond Agent, also referred to as a bondsman and the Principal, also referred to as the Defendant/Accused.
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What Does It Mean to Be âBondedâ? What Does Bonded Mean What Does It Mean to Be ‘Bonded’? The phrase “licensed, bonded and insured” appears frequently in business advertising—but what does it mean? While most people know what business licenses and insurance are, the “bonded” part of the phrase isn’t so familiar. In short, being bonded means that a business has purchased a surety bond. Sometimes a bond is required for a business to begin operating, and sometimes owners purchase them independently. Surety bonds are a business’s way of reassuring customers that they stand behind their promises—and if they don’t, consumers will be protected.
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Bond Law Bonds are defined as a written obligation by which one party promises to perform a certain act, like appearing in court, paying a financial obligation, or performing some other contractual responsibility. Bonds are also a trade instruments of debt issued by institutions to finance their activities.
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General Bail (Bond) Information General Bail (Bond) Information. What is bail? Bail or bond (in this case, bail and bond mean the same thing) is an amount of money in cash, property, or surety bond for the purpose of making sure that a person attends all required court appearances. Bond allows an arrested person (defendant) to be released from jail until his or her case is completed. Who can post bond?
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- Webster Dictionary(0.00 / 0 votes)Rate this definition: Bond(noun) that which binds, ties, fastens, or confines, or by which anything is fastened or bound, as a cord, chain, etc.; a band; a ligament; a shackle or a manacle.
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obligation 1 an agreement enforceable by law, originally applied to promises under seal. 2  a document containing such an agreement.  a bond containing a penalty, with a condition annexed for payment of money, performance of covenants, etc.
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- 1 Depending on the type of drum set, the prices of a drum set can range anywhere from as little as $200 for a beginner’s set to as much as $5,000 for a professional set. 2  A child-sized drum set usually costs less than $200.
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DEFINITION of 'Bail Bond' DEFINITION of 'Bail Bond' A written promise signed by a defendant and surety to ensure that a criminal defendant will appear in court at the scheduled time and date, as ordered by the court. The bail amount is set by the court. The process starts with a defendant being released on bail; the bail is paid by a surety (bail bond agent or bondsman), who usually collects a percentage of the amount of bail. A written promise signed by a defendant and surety to ensure that a criminal defendant will appear in court at the scheduled time and date, as ordered by the court.
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- Combined comments & shares on social media. Instead of spending money at the spa or salon to get a facial, you can use ingredients from your kitchen to make your own facial mask. These masks are easy to make and will leave your skin looking and feeling wonderful! Try one of these three easy homemade facial masks.
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What is a Surety Bond? Surety bond definition: a legally binding contract that ensures obligations will be met between a principal (whoever needs the bond), an obligee (the one requiring the bond) and a surety (the insurance company guaranteeing the principal can fulfill the obligations).
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DEFINITION of 'Bond Resolution' Bond Resolution. DEFINITION of 'Bond Resolution'. 1. A document used with government bonds, especially general obligation bonds, to allow bonds to be issued and sold for a specific purpose and to define the rights and responsibilities of each party to a bond contract (the issuer and the bondholder).
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bail Signing the bail bond is a promise that the defendant will appear in the specified criminal proceeding. The defendant's failure to appear will cause the signers of the bond to pay to the court the amount designated. The amount of bail is generally an amount determined in light of the seriousness of the alleged offense.
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covenant covenant - Legal Definition. 1  A written and legally enforceable agreement or promise that is often a part of a contract or deed, especially one to maintain the status quo of something or to do or not do something during the term of the covenant. 2  An implied promise that is incidental to a contract or deed.
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Surety Bond Vs. Cash Bond A bond is a financial instrument used as a form of guarantee, or promise. It may serve as a guarantee that a suspected criminal will show up for a court hearing, or as a guarantee that a contractor will complete a project in accordance with his contract.
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Judge has ordered a $5000 surety bond what does this mean and how do I pay it? Surety bonds are a three-party legal and financial contract. You, the principal party, will post the surety bond to pledge that you will adhere to the terms set by the judge.
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bond Definition of bond for Students. 1  1 : something that binds. 2  2 : the condition of being held together The glue forms a strong bond. 3  3 : a force or influence that brings or holds together a bond of friendship.  4 : a chain or rope used to prevent someone from moving or acting 1  freely. 5 : a promise to do something My word is my bond.
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bond A security representing the debt of the company or government issuing it. When a company or government issues a bond, it borrows money from the bondholders; it then uses the money to invest in its operations.
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Definitions &Translations Webster Dictionary(0.00 / 0 votes)Rate this definition: 1  Bond(noun) that which binds, ties, fastens, or confines, or by which anything is fastened or bound, as a cord, chain, etc.; a band; a ligament; a shackle or a manacle. 2  Bond(noun) the state of being bound; imprisonment; captivity, restraint.
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Bond Definition: Related Terms: Surety Bond, Performance Bond, Surety, Stock, Security, Share A written promise of one person to do something or to pay a sum of money to a specified person, on either a certain date or upon the occurrence, or barring the occurrence, of a specified event.
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Surety Bond Definition Apply for a Surety Bond. (Surety Bond Application this application can be used for any Surety Bond) GET A QUOTE IN SECONDS! Surety Bond Definition : A Surety Bond is an agreement subject to the Bond Form. The Bond is usually required for monetary compensation for failure to perform specified acts referenced in the Bond Form. A Surety Bond is a generic name for all bonds. Bonds are usually required by the state or Federal Government; these bonds are called License and Permit Bonds. There are three parts of a Surety Bond, the first is the Obligee. They are the entity requiring the Bond.
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"What does ""without bond"" mean in a Will?" The executor, as a fiduciary, owes certain duties to the estate, and by requiring a bond, it places a measure of accountability on the executor to make sure that they do not abuse their power. The bond will protect the estate from losses due to the executor's abuse. That being said, many people name a person as executor that they know, love and trust, and do not wish to add the extra burden of a bond to their responsibilities. It is very common to have the bond waived.
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Economic Definition of bond. Defined. Economic Definition of bond. Defined. Term bond Definition: The general term for a long-term loan in which a borrower agrees to pay a lender an interest rate (usually fixed) over the length of the loan and then repay the principal at the date of maturity. Bond maturities are usually 10 years or more, with 30 years quite common.
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Bond (finance) In finance, a bond is an instrument of indebtedness of the bond issuer to the holders. It is a debt security, under which the issuer owes the holders a debt and, depending on the terms of the bond, is obliged to pay them interest (the coupon) and/or to repay the principal at a later date, termed the maturity date.onds are not necessarily issued at par (100% of face value, corresponding to a price of 100), but bond prices will move towards par as they approach maturity (if the market expects the maturity payment to be made in full and on time) as this is the price the issuer will pay to redeem the bond.