Define bond in law
WebAug 24, 2024 · Using the $1,000 example, if a bond has a 3% coupon, the bond issuer promises to pay investors $30 per year until the bond’s maturity date (3% of $1,000 par value = $30 per annum). Yield: The ... 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 …
Define bond in law
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WebBond means a written instrument executed by a bidder or contractor (the principal), and a second party (the surety or sureties) (except as provided in 28.204), to assure fulfillment of the principal's obligations to a third party (the obligee or Government), identified in the bond. If the principal's obligations are not met, the bond assures ... 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 himself, his heirs, executors and administrators, to pay a certain sum of money to another at a day appointed. But see 2 Shepl. 185.
WebA legal bond is a written agreement where a person decides to perform a specific act, such as fulfilling a contract's obligations or appearing in court. If they don't perform this act, … WebAug 13, 2024 · Bail vs Bond. Bail and bond are legal terms that people substitute with each other when it comes to the matter of bail release. This exchange is because of the relationship between the two; nonetheless, both words don’t connote the same meaning. Bail is the sum of money paid by an accused person to secure a release from jail while …
WebThe bond legal definition is, by law, a written agreement in which someone receives the bond (monetary payment) and promises to engage in a specific act, i.e., performing … WebA bail bond lender provides funds to cover a person’s bail. But the lender secures the amount with collateral (the person’s house or car, for example), which the person forfeits if they fail to appear for their court date. And bail bond lenders charge a fee, usually between 10 and 15 percent of the bail amount, which the person cannot ...
Webbond: [verb] to lap (a building material, such as brick) for solidity of construction.
Webbonds include an unsecured appearance bond, an appearance bond secured by a cash deposit of the full amount of the bond, an appearance bond secured by a mortgage under G.S. 58-74-5, and an appearance bond secured by at least one solvent surety. A bail bond signed by any surety, as defined in G.S. 15A-531(8)a. inyectores megane 2WebDefine Corporation’s Fee. means a fee payable to the Corporation on the first day of each month, commencing April 1, 2024, in an amount equal to 1/12 of 0.20% of the then outstanding principal amount of Series 2024AB Program Obligations held by the Trustee with respect to the Series 2024AB Bonds. The Corporation’s Fee shall be paid from … inyectores naftaWebbond. 1. A long-term promissory note. Bonds vary widely in maturity, security, and type of issuer, although most are sold in $1,000 denominations or, if a municipal bond, $5,000 denominations. 2. A written obligation that makes a person or an institution responsible for the actions of another. inyectores motor dieselWebThe term is sometimes made to include the bonds of executors, guardians, trustees, etc. -Simple bond. At common law, a bond without penalty; a bond for the payment of a … inyectores mitsubishi l200WebMar 9, 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 … inyectores nissan d21WebMay 27, 2015 · Bail. In the legal system, the term bail refers to a process in which an individual arrested for a crime is required to pay a specified amount of money to be … on rivington hotel nycWebbondsman: [noun] one who assumes the responsibility of a bond : surety. on river time svg