United Kingdom Encyclopedia of Law     Wiki Legal Encyclopedia (BETA)
What do you need to know about law? Search in more than 1.500.000 entries

Bond in United Kingdom

Definition of Bond

In accordance with the work A Dictionary of Law, this is a description of Bond :

1. A deed by which one person (the obligor) commits himself to another (the obligee) to do something or refrain from doing something. If it secures the payment of money, it is called a common money bond; a bond giving security for the carrying out of a contract is called a performance bond.

2. A document issued by a government, local authority, company, or other public body undertaking to repay long-term debt with interest. Bond issues are issues of debt securities by a borrower to investors in return for the payment of a subscription price.

Concept of Bond

Traditional meaning of bond [1] in scots law: An instrument under seal, wherein the maker or obligor expresses that he owes or will pay a certain sum of money to the obligee; usually with a condition added, that, in the event of his performing a certain act or paying another sum, the instrument is to be void. Bond and disposition in security: the Scotch term for a mortgage of land. Bond tenants: copyholders and customary tenants. Boni et legates homines: good and lawful men. Boni judicis est ampliare jurisdictionem: it is the duty of a good judge to construe his jurisdiction liberally. Boni judicis est judicium sine dilatione mandare executioni: it is the duty of a good judge to put the judgment into execution without delay. Boni judicis est lites dirimere, ne lis ex lite oriatur: it is the duty of a good judge to put an end to suits, lest suit should grow out of suit.

Resources

Notes and References

  1. Based on A concise law dictionary of words, phrases and maxims, “Bond”, Boston: Little, Brown, and Company, 1911, United States. This term and/or definition may be absolete. It is also called the Stimson’s Law dictionary, based on a glossary of terms, included Bond.

See Also



Law is our Passion


This entry about Bond has been published under the terms of the Creative Commons Attribution 3.0 (CC BY 3.0) licence, which permits unrestricted use and reproduction, provided the author or authors of the Bond entry and the Encyclopedia of Law are in each case credited as the source of the Bond entry. Please note this CC BY licence applies to some textual content of Bond, and that some images and other textual or non-textual elements may be covered by special copyright arrangements. For guidance on citing Bond (giving attribution as required by the CC BY licence), please see below our recommendation of "Cite this Entry".

Cite this entry

Legal Citations Generator

(2020, 04). Bond lawi.org.uk Retrieved 07, 2021, from https://lawi.org.uk/bond/

04 2020. 07 2021 <https://lawi.org.uk/bond/>

"Bond" lawi.org.uk. lawi.org.uk, 04 2020. Web. 07 2021. <https://lawi.org.uk/bond/>

"Bond" lawi.org.uk. 04, 2020. Accesed 07 2021. https://lawi.org.uk/bond/

Agostino Von Hassell, 'Bond' (lawi.org.uk 2020) <https://lawi.org.uk/bond/> accesed 2021 July 28

Usage Metrics

495 Views. 356 Visitors.

Google Scholar: Search for Bond Related Content

 

Schema Summary

  • Article Name: Bond
  • Author: Agostino Von Hassell
  • Description: Definition of Bond In accordance with the work A Dictionary of Law, this is a description of Bond : 1. A deed by which one [...]

This entry was last updated: April 28, 2020

Recent Comments