Legal bond meaning

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Nettet1. sep. 2024 · A training bond is a contract between an employer and an employee whereby the former undertakes to pay a stipulated cost for the training of the latter with the understanding that the latter will ... NettetIntention to be legally bound is an essential element of a valid, enforceable contract.It means that all parties to a contract must accept the terms of the contract with an …

An overview on judicial bonds Atty. Dennis B. Funa

Nettet10. des. 2024 · The guarantor can now get her money back if she posted cash bail. If you used a bail bondsman, a "bond exonerated" order means he is no longer liable to pay the full balance of the bond. All bail bonds get exonerated in the end, regardless of whether the defendant is found innocent or guilty. The judge will automatically order a bond ... NettetA contractual relationship is a legal bond between at least two people who agree to at least one term or promise. The Legal Meaning of “Contract” A contract is a written or oral agreement between two or more individuals that is legally enforceable and contains at least one promise for one party to do something for the other. corys electrical rotorua

Bond Definition & Meaning - Merriam-Webster

Netteta. : to secure payment of duties and taxes on (goods) by giving a bond (see bond entry 1 sense 5a) warehouses for bonding tobacco. b. : to convert into a debt secured by … Nettet22. sep. 2024 · Bond paper is a strong, durable paper suitable for electronic printing and use in office machines for letters, invoices, and other business forms. G A S REGULAR. Menu. ... 8.5x11 inches, is the … NettetIn short, a legal document by definition is one that outlines an agreement between two or more parties that has been signed by mutual assent and in all other respects can be relied upon in court. However, there are many other forms of documents that people will refer to as legal. Such examples will be a contract, will, deed, trust and business ... corys electrical levin

Bearer Bond: Definition, How It Works, and Why They

Bond law Britannica

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 on deposit. Nettet6. feb. 2024 · An appeal bond, also called a supersedeas bond, is a specialized type of court bond that’s used in civil cases. When a defendant loses a case but wishes to appeal the ruling to a higher court, he may obtain an appeal bond. This appeal bond allows the defendant to hold off paying the judgment ordered by the lower court until the higher … corys electrical new plymouthNettetThe 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 … breadboard\\u0027s yd

"NettetAn administrator bond (or administratrix bond) is a "fiduciary" surety obligation. A "fiduciary" for the purposes of probate matters simply means a financially responsible person. An administrator's duty is to inventory, value and distribute the assets of an estate in an honest and diligent manner. A fiduciary's actions must be in accordance … " - Legal bond meaning

Legal bond meaning

Nettet24. aug. 2024 · Bonds are investment securities where an investor lends money to a company or a government for a set period of time, in exchange for regular interest … NettetWomble Bond Dickinson (US) LLP. Nov 2024 - Present5 years 4 months. Washington, DC. I am a real estate/business lawyer focused on …

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NettetDefine Legally binding. Legally binding synonyms, Legally binding pronunciation, Legally binding translation, English dictionary definition of Legally binding. n. 1. a. An … Nettet24. nov. 2024 · 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 …

NettetDemand guarantee. Also called an on demand bond, a demand bond or a performance bond. A document that imposes a primary obligation on the issuer to pay the beneficiary on its first demand (or on demand) where the primary obligor fails to perform the contract. The issuer's obligation is not affected by disputes over the underlying contract ... Nettetbond. n. 1) written evidence of debt issued by a company with the terms of payment spelled out. A bond differs from corporate shares of stock since bond payments are …

Nettet22. sep. 2024 · Indemnity Bond For Property: Meaning and Format. An indemnity bond is a formal document which serves as a guarantee and assurance to one party that those who may act on behalf of another will fulfil the terms of their legal obligation. An indemnity bond is used in protecting against the occurrence of certain risks. NettetThere are two basic types of Customs bonds: A single transaction bond (also known as a single-entry bond or SEB), which covers a one-time Customs entry. A continuous bond (code 1), which covers multiple/ongoing entries made by an importer at all U.S. ports of entry. It is good for one year from the date it is issued.

Nettet13. aug. 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 …

Nettetfor 1 dag siden · Bond definition: A bond between people is a strong feeling of friendship, love, or shared beliefs and... Meaning, pronunciation, translations and examples corys dunedinNettet5. apr. 2024 · Alex Wong/Getty Images. Former President Donald Trump has pleaded not guilty to 34 felony counts. The charges stem from an investigation led by Manhattan District Attorney Alvin Bragg, who alleges ... breadboard\u0027s ydNettetBy means of these amendments, the (old) bonds subject to the exchange offer become less attractive (in legal and financial terms), forcing a greater number of bondholders to accept the exchange offer. Hence, if holdout bondholders do not accept the exchange offer, they will end up holding an impaired bond without some of the original ... breadboard\\u0027s yhNettetIn the context of raising finance, a financial instrument evidencing a debt of the issuer, under which the issuer promises to pay the bondholder the face value of the bond plus (usually) amounts of interest at future dates. Bonds are a type of debt security and are also known as "notes". For more on this type of bond, see Practice note, Bond ... cory selfNettetdefinition. Bond Offering will have the meaning set forth in Section 6.25. Bond Offering means that certain issue by the Guarantor of $225,000,000 of 8.32% First Preferred Mortgage Notes due February 1, 2008 made pursuant to the Prospectus dated January 19, 1996; Bond Offering means the issuance and sale by Bond Issuer of the Bonds to … breadboard\\u0027s ygNettet26. okt. 2024 · In the English dictionary, groping means “to feel with your hands” or “to move towards something” blindly or without being able to clearly see. In a legal context, groping refers to an unconsented, unsolicited, and inappropriate touching or feeling of another person. Groping cases generally involve a person touching another person’s ... breadboard\u0027s yfNettet14. apr. 2015 · If such pronouncement is not included in the judgment, the bonding company may also file a petition asking for the cancellation of the bond. Dennis B. Funa ( [email protected]) is presently the ... cory selinger