Bond
/bɒnd/
Definitions
- (n.) A written agreement or instrument acknowledging a debt and promising payment.
The company issued a bond to raise capital.
- (n.) A legal obligation or a guarantee to perform an act or fulfill a contract.
The defendant was released on a bond pending trial.
Forms
- bonds
Related terms
See also
Commentary
In legal contexts, 'bond' often implies a formal, enforceable promise, distinct from informal agreements.
This glossary is for general informational and educational purposes only. Definitions are jurisdiction-agnostic but reflect terminology and concepts primarily drawn from English and American legal traditions. Nothing herein constitutes legal advice or creates a lawyer-client relationship. Users should consult qualified counsel for advice on specific matters or jurisdictions.