A bond refers to an obligation to pay a specified amount of money. In the field of business , a bond functions similar to a loan and is sold by entities seeking an inflow of cash now in exchange for the promise of future interest on that cash later.

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 …

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 act, i.e., performing under a contract or appearing in court.

2025年2月2日 · Bonds are commonly used in civil and commercial law to provide security for contractual agreements, safeguard public interests, and protect parties against potential losses. This essay explores the legal definition of bonds, their various types, and their significance in different areas of law.

2024年10月15日 · Bail is the money a defendant must pay in order to get out of jail. A bond is posted on a defendant’s behalf, usually by a bail bond company, to secure his or her release. Defendants with pending warrants are usually not eligible for bail. Bail is not intended as a punishment in itself.

Find the legal definition of BOND from Black's Law Dictionary, 2nd Edition. 1.a signed promise to pay an amount to do something on a date. Documents like contracts and loan agreements are bonds. 2.a contract with three parties....

Bonds are tradeable instruments of debt issued by institutions to finance their activities. Bonds have a face or par value (e.g., $1,000), a fixed interest rate also known as the coupon rate (e.g., 8 percent a year), and a maturity (e.g., 10 years).

In court, a bond is a financial arrangement that allows a defendant to be released from jail while awaiting trial. The bond serves as a guarantee that the defendant will attend all required court appearances. If the defendant fails to show up, the bond …

Bond 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.

With the approval of the President, the Secretary of the Treasury may borrow on the credit of the United States Government amounts necessary for expenditures authorized by law and may issue bonds of the Government for the amounts borrowed and may buy, redeem, and make refunds under section 3111 of this title.