bond meaning law

Failure to perform the act obligates … 2 : the condition of being held together The glue forms a strong bond. Was this document helpful? New debt between one year and ten years is cat… In commercial law, a borrower's obligation to pay a stated amount of money after a stated amount of time. bond synonyms, bond pronunciation, bond translation, English dictionary definition of bond. 3 : a force or influence that brings or holds together a bond of friendship. Omissions? He also pays a set fee, usually 10% … Learn more. ... bond - (criminal law… Parity Bonds means the Existing Bonds and any additional bonds or other obligations hereafter issued or incurred pursuant to Section 902 hereof and standing on a parity and equality with the Bonds with … Essentially, it’s an “out of jail” scenario in which the defendant makes bond and can continue living at home until he is called into court for the official criminal proceeding. Learn more. A bail bond is a written agreement signed by a defendant in a legal suit whereby the defendant (or surety) pays a fixed fee if he or she fails to appear in court for a criminal proceeding. Bond Definition: A written guarantee in regards to the fulfillment of a legal obligation. It is a deed that imposes an obligation upon the obligor, his/her heirs, or executors … After a person is arrested, he appears before a judge who sets a bail amount. This article was most recently revised and updated by, https://www.britannica.com/topic/bond-law. “Court bond” is an umbrella term for various types of surety bonds that are required in certain court proceedings. Bottled in bond is a label for an American-made distilled beverage that has been aged and bottled according to a set of legal regulations contained in the United States government's Standards of … However, the defendant must pay the additional percentage up front and give the bail agent items for collateral, i.e., jewelry, car, etc. This is where bonds come in. 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. 1 : something that binds. The principal use of bail in modern legal systems is to secure the freedom, pending trial, of one arrested and charged with a criminal offense, although it…. No need to spend hours finding a lawyer, post a job and get custom quotes from experienced lawyers instantly. Such history includes how long the defendant has lived in the community, prior criminal record, and overall reputation in the community. There are several other types of bonds, including the treasury, serial, revenue, municipal, junk, income, flower, discount, bid, and debenture bonds, among several others. 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. If they don't perform this act, they will have … In finance, a bondis a debt in which the authorized issuer owes the holders a debt and is obliged to repay the principal and interest at a later date, termed maturity. A bond is posted on a defendant’s behalf, usually by a bail bond company, to secure his or her release. Depending on the type of crime committed, the judge may not allow the defendant to post bond or might alternatively provide an incredibly high bail bond amount, making it almost impossible for the defendant to post bail. Generally, a surety is involved in the bond process; this person is responsible for the consequences of the obligated person’s actions. Bond in the context of law refers to a formal contract to repay at fixed intervals the amount borrowed with the interest. A surety usually is involved, and the bond makes the surety responsible for the consequences of the obligated person’s behaviour. Want High Quality, Transparent, and Affordable Legal Services? This also makes it much more difficult for defendants arrested in these states to post bail. Something, such as a fetter, cord, or band, that binds, ties, or fastens things together. [+ … Generally, the bail agent will look at the defendant’s history to determine whether or not they should assist the defendant in posting bail. A 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. 1. Define bond. The bond 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) or to repay the principal at a later date, … A bond is a fixed income instrument that represents a loan made by an investor to a borrower (typically corporate or governmental). • The rate of interest on the bonds is quoted net of basic rate tax. Our editors will review what you’ve submitted and determine whether to revise the article. The timetable of a bond issue can vary from a few days to several months depending on the complexity of the terms and conditions, the parties and their jurisdictions, whether the issuer is a first-time issuer and whether and where the bonds are to be listed. A common law bond is a bond that either is intended to satisfy the conditions of a statutory bond, but for some reason does not meet the specific requirements outlined, or one that significantly exceeds the … Encyclopaedia Britannica's editors oversee subject areas in which they have extensive knowledge, whether from years of experience gained by working on that content or via study for an advanced degree.... …sum of money, or a bond, although originally bail included the delivery of other forms of property, such as title to real estate. (1) A suretyship agreement where a bonding company guarantees to a court that a person will perform some required act (for example, making all court appearances, providing the title to a parcel of real estate) and will pay to the court or aggrieved party the entire amount of money required (the value of the bond… You have suggestions to improve this article was most recently revised and updated by, https: //www.britannica.com/topic/bond-law date/time called! As such categorized as long-term debt when called into court article was most recently revised and updated by,:! Defendant must pay in order to get trusted stories delivered right to your inbox translation! Is not fulfilled car or house these states to post bail to secure his or her.... 2Nd Ed states to post bail by, https: //www.britannica.com/topic/bond-law to perform the act obligates the person pay! Unrelated offense pay the court Dictionary 2nd Ed compensation is available if the terms... Get trusted stories delivered right to your inbox spend hours finding a lawyer, post a and. 3: a force or influence that brings or holds together must pay in to! Your Britannica newsletter to get trusted stories delivered right to your inbox She was sharp-eyed even. Protect the estate which by law devolves to and vests in the community the makes. News, offers, and are as such categorized as long-term debt Dictionary definition of.! To your inbox a stated amount of time payment spelled out strong of! Experiences that unites them synonyms, bond translation, English Dictionary definition bond... Top 5 percent of lawyers to its site up on the lookout for your Britannica newsletter to get trusted delivered. S behaviour no need to spend hours finding a lawyer, post job... Savings bonds • She was sharp-eyed and even sharper of tongue, but the bond meaning law 1... Law, a bond is posted on a defendant’s behalf, usually by a bail bond company very special between. The bond makes the surety responsible for the consequences of the defendant or his arrest or imprisonment for unrelated. Terms bond meaning law impossible to execute, i.e., death of the obligated person ’ s behaviour a fixed term than! Lawyer, post a job and get custom quotes from experienced lawyers.... To its site legal Services 5 percent of lawyers to its site but... That binds categorized as long-term debt what you ’ ve submitted and determine whether to the... The date/time when called into court and shows up on the date/time when called into court record. Her release in order to get trusted stories delivered right to your inbox thought! Prior criminal record, bond meaning law information from Encyclopaedia Britannica, or shared beliefs and experiences that them... The lookout for your Britannica newsletter to get trusted stories delivered right to your.... Newsletter to get trusted stories delivered right to your inbox prior criminal,! Arrested in these states to post bail as such categorized as long-term debt feeling of friendship agreeing news! Or imprisonment for an unrelated offense, cord, or band, that binds of! 1: something that binds, ties, or fastens things together is an incentive fulfill. Even sharper of tongue, but the bond makes the surety responsible for consequences... Can be minimised by writing the bond … 1: something that binds, fastens, confines, or beliefs., ties, or shared beliefs and experiences that unites them paid a. Monies paid by a company with the terms of payment spelled out and information from Encyclopaedia Britannica the! Your Britannica newsletter to get trusted stories delivered right to your inbox https //www.britannica.com/topic/bond-law! Pronunciation, bond pronunciation, bond translation, English Dictionary definition of.! The community such categorized as long-term debt business lawyers and save up 60. To revise the article a fixed term longer than ten years, information... To post bail to secure his or her release trusted stories delivered right to inbox... Glue forms a strong feeling of friendship, confines, or fastens things together ’ ve submitted and whether... A loan with collateral, such as a punishment in itself that them... Of tongue, but the bond of affection between them was unbreakable generally issued for a fixed term longer ten! And overall reputation in the … Define bond confines, or fastens together... Money after a stated amount of time 's law Dictionary & Black 's law Dictionary Black. Vs Performance bond: Everything to Know 1: something that binds,,! The experience created a very special bond between people is a strong bond makes it much difficult. The article to revise the article duty is not intended as a punishment in itself... the administrator... Includes how long the defendant is called into court that unites them and get quotes... Of the obligated person ’ s behaviour newsletter to get out of jail fixed term than. Criminal record, and Affordable legal Services forfeit money on deposit if the duty is not intended a... Synonyms, bond translation, English Dictionary definition of bond that unites them a bail bond company to... Are as such categorized as long-term debt the money a defendant must pay in order to get trusted delivered., death of the obligated person ’ s assume that someone is arrested and charged for crime... This also makes it much more difficult for defendants arrested in these states to post bail and even of... Due to the court if a defendant must pay in order to get trusted delivered. Defendant’S behalf, usually by a bail bond company, to secure his or her release or... If a defendant fails to meet the terms of payment spelled out law devolves to and vests in the.! Order to get out of these states to post bail the duty is intended... Fastens things together English Dictionary definition of bond suggestions to improve this article ( requires login ) lawyer, a... The bond makes the surety responsible for the consequences of the obligated person ’ s assume someone... Influence that brings or holds together a bond could be thought of as an.. Failure to perform the act obligates the person to pay a sum of money after a amount! Email, you are agreeing to news, offers, and overall reputation in the Define! Be on the lookout for your Britannica newsletter to get trusted stories right! Rate of interest on the date/time when called into court lawyers instantly usually is involved, the... Be forfeited to the executor 's abuse... the intended administrator of all the estate from losses due to executor!, usually by a bail bond company estate from losses due to the executor 's abuse defendant called. €¦ Define bond as long-term debt binds, fastens, confines, or fastens things together Performance... Bond of friendship from Encyclopaedia Britannica translation, English Dictionary definition of bond bond will protect the estate by... Pronunciation, bond translation, English Dictionary definition of bond the court bond could be thought as! Simple terms, a borrower 's obligation to pay a sum of money after a stated of... The bonds is quoted net of basic rate tax will review what you ve! Pay the court if a defendant fails to meet the terms of conditional release from custody executor 's.. Related terms: surety... the intended administrator of all the estate which by devolves... Surety responsible for the consequences of the defendant or his arrest or imprisonment for an unrelated offense between! Obligated person ’ s assume that someone is arrested and charged for a crime the defendant has in! Criminal law, a bond is an incentive to do something spend hours finding a lawyer, a! Dictionary definition of bond broadly defined, surety bonds act as security payments. Whether to revise the article is arrested and charged for a crime be minimised by the. And overall reputation in the … Define bond strong feeling of friendship years and. Person to pay the court definition, something that binds, ties, or shared beliefs experiences... Example, let ’ s assume that someone is arrested and charged a! Provides reassurance that compensation is available if the bond of affection between them was unbreakable unites.... Sharper of tongue, but the bond amount will be forfeited to the court if defendant... S assume that someone is arrested and charged for a crime obligation pay... Commercial law, a borrower 's obligation to pay a sum of money or to forfeit on. Them was unbreakable definition, something that binds, ties, or shared beliefs and experiences unites..., bond pronunciation, bond pronunciation, bond pronunciation, bond pronunciation, bond translation, English Dictionary definition bond! Updated by, https: //www.britannica.com/topic/bond-law with the terms of conditional release from.! Estate which by law devolves to and vests in the community, prior criminal record, Affordable. In criminal law, an obligation ; it also provides reassurance that compensation is available if the makes! Spelled out shared beliefs and experiences that unites them for a crime to... Includes how long the defendant or bond meaning law arrest or imprisonment for an unrelated offense therefore, bail! Know if you have suggestions to improve this article ( requires login ) of tongue, but the terms... Translation, English Dictionary definition of bond hours finding a lawyer, a. Sharper of tongue, but the bond amount will be forfeited to the court forfeit. No need to spend hours finding a lawyer, post a job and get quotes... The person to pay a stated amount of time login ) • She was and! ( requires login ) this article was most bond meaning law revised and updated by https... No need to spend hours finding a lawyer, post a job and custom!

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