Bonding
/ˈbɒndɪŋ/
Definitions
- (n.) The process of entering into a suretyship agreement where a bond guarantees performance or payment, commonly required in legal and business contexts.
The contractor obtained bonding to assure the project’s completion.
- (n.) The act of creating a legal obligation or relationship by means of a bond or similar security instrument.
Bonding between parties ensures compliance with the contract terms.
Related terms
See also
Commentary
In legal usage, 'bonding' primarily denotes the act or process of establishing a surety bond or similar guarantee; it should not be confused with informal or psychological senses of bonding.
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.