Bond definition in law
WebOct 23, 2024 · A construction bond is a type of surety bond utilized in engineering projects to protect against can adverse event that motives disruptions or financial loss. A architecture bond is adenine type of surety bond used in constructive projects to protect against into adverse choose that causes troubles or financial loss. WebMar 17, 2024 · bond, In law, a formal written agreement by which a person undertakes to perform a certain act (e.g., appearing in court or fulfilling the obligations of a contract). Failure to perform the act obligates the person to pay a sum of money or to forfeit money … contract, in the simplest definition, a promise enforceable by law. The …
Bond definition in law
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WebMar 18, 2012 · Steven Fromm / Steven J Fromm & Associates, P.C. This is a standard provision that means that she can serve as executrix without posting or paying for a bond. Bonds are sometimes employed to insure that a fiduciary serves honesty and if they fail to do so the bond would protect the beneficiaries against some of the losses. WebBail bond is an agreement to pay the court if a criminal defendant fails to meet the terms of conditional release from custody. Many bail bonds are signed by the defendant and the defendant's sureties (e.g., a bondsman ). Some bail bonds are signed by the defendant only, who may need to deposit money with the court as security for the bond.
Webbail bond definition: a document stating that an amount of money has been paid to allow a person who has been accused of…. Learn more. WebA bondsman is a person who guarantees a bond. Bondsmen are most frequently seen in the context of bail bondsman for criminal defendants . A bail bondsman is a person who provides bail bonds for people charged with crimes and who do not have the money necessary to post the entire bail with the court. The bail bondsman acts as a surety by ...
WebRelated to Pallinghurst Bond. Contract means the agreement that results from the acceptance of a bid by an organ of state; Board means the Board of Directors of the Company. Person means an individual or corporation, partnership, trust, incorporated or unincorporated association, joint venture, limited liability company, joint stock company ... Webbail 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 document fail to appear in court for the designated criminal proceeding at the date and time specified. A bail bond is one method used to obtain the release of a ...
Webbond. a written acknowledgment of an obligation to pay a sum or to perform a contract. A legal tie. BOND, contract. An obligation or bond is a deed whereby the obligor, obliges …
Web1 : a bond given by a plaintiff seeking to attach the defendant's property that ensures payment to the defendant of any damages suffered because of the attachment in the … brews in the burbs 2022WebRelated to 2024 TIFIA Bond. Business Day means any day except any Saturday, any Sunday, any day which is a federal legal holiday in the United States or any day on which banking institutions in the State of New York are authorized or required by law or other governmental action to close.. Board means the Board of Directors of the Company.. … brews in the bend north bend nebraskaWebBond Legal Definition. The bond legal definition is, by law, a written agreement in which someone receives the bond (monetary payment) and promises to engage in a specific … brews in the burbs citrus heightsWebDefine Issue 2024-2B Bonds. means the Issue 2024-2B Bonds of THDA authorized by this Resolution pursuant to the Plan of Financing, which Issue 2024- 2B Bonds shall include the Convertible Bonds and the Long Term Rate Bonds of such Series. [“Issue 2024-2B PAC Bonds” means, if so designated in an Election Certificate on any Election Date, the last … county divorce papersWebNov 25, 2024 · A bond is an agreement between an investor and the company, government, or government agency that issues the bond. When investors buy a bond, they are … brews in the village bakersfieldWebBond in the context of law refers to a formal contract to repay at fixed intervals the amount borrowed with the interest. It is a deed that imposes an obligation upon the obligor, his/her heirs, or executors to pay a certain sum of money to another person on a day fixed in the deed. In finance, bond is a debt security in which the person ... brewsistasWebOct 21, 2024 · Bond refers to a promise in the form of money paid by a bond company (also called a bail bondsman). According to the Merriam-Webster dictionary, a bond is defined as: “An obligation made binding by a forfeit of money” or “the amount of money guarantee”. In essence, a bond refers to: An amount of money. Paid by a company. brew sip coffee