- forfeiture of bond
- A breach of condition in consequence of which the obligee is entitled to declare a forfeiture. See forfeiture of bail.
Ballentine's law dictionary. Anderson, W.S.. 1998.
forfeiture of bond
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forfeiture of bond — A failure to perform the condition upon which obligor was to be excused from the penalty in the bond. Hall v. Browning, 71 Ga.App. 835, 32 S.E.2d 424, 427. With respect to a bail bond, occurs when the accused fails to appear for trial … Black's law dictionary
forfeiture of bond — A failure to perform the condition upon which obligor was to be excused from the penalty in the bond. Hall v. Browning, 71 Ga.App. 835, 32 S.E.2d 424, 427. With respect to a bail bond, occurs when the accused fails to appear for trial … Black's law dictionary
forfeiture — for·fei·ture / fȯr fə ˌchu̇r/ n 1: the loss of a right, money, or esp. property because of one s criminal act, default, or failure or neglect to perform a duty compare waiver 2: something (as money or property) that is forfeited as a penalty… … Law dictionary
bond — 1 n 1 a: a usu. formal written agreement by which a person undertakes to perform a certain act (as appear in court or fulfill the obligations of a contract) or abstain from performing an act (as committing a crime) with the condition that failure … Law dictionary
forfeiture bond — noun : a bond providing for forfeiture of the full penalty upon breach of the condition of the bond … Useful english dictionary
forfeiture — A word often used as a synonym of penalty but which is, precisely, a divestiture of property without compensation, in consequence of a default or an offense, 36 Am J2d Forf & P § 1; an enforced and involuntary loss of a right. Storm v Barbara Oil … Ballentine's law dictionary
forfeiture of bail — The consequence of a breach of the condition of a bail bond, particularly, the failure of the surety to deliver the principal into the custody of the proper officer of the law, or to procure his attendance in court, as required by the bond. 8 Am… … Ballentine's law dictionary
penal bond — A bond conditioned upon the performance of duties of office, or other obligations undertaken by the principal obligor in the bond or collateral things to be done by him. 12 Am J2d Bonds § 1. A bond conditioned upon the forfeiture of a penalty for … Ballentine's law dictionary
Bid bond — A Bid Bond is issued by the Surety to the owner of the project in lieu of a required cash deposit. The cash deposit (usually 10% of the bid amount) is subject to full or partial forfeiture if the contractor is the low bidder and fails to either… … Wikipedia
jump bail — To abscond, withdraw, leave the jurisdiction, or secrete one s self, in violation of the obligation of a bail bond. See forfeiture of bond … Black's law dictionary
