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| 单词 | penal bond |
| 释义 | > as lemmaspenal bond A may bind himself to this payment absolutely and unconditionally, in which case the deed is known as a single or simple bond (simplex obligatio): bonds in this form are obsolete. Or a condition may be attached that the deed shall be made void by the payment, by a certain date, of money, rent, etc. due from A to B, or by some other performance or observance, the sum named being only a penalty to enforce the performance of the condition, in which case the deed is termed a penal bond.extracted from bondn.1< as lemmas |
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