Ballentine's law dictionary. Anderson, W.S.. 1998.
penal bond — see bond 1a Merriam Webster’s Dictionary of Law. Merriam Webster. 1996 … 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
penal — pe·nal / pēn əl/ adj 1: of, relating to, or being punishment penal sanctions 2: making one (as an offender) punishable a penal offense; also: criminal (2) 3: used as a place of con … Law dictionary
penal — Punishable; inflicting a punishment; containing a penalty, or relating to a penalty @ penal action In its broadest context, it refers to criminal prosecution. More particularly, it refers to a civil action in which a wrongdoer is subject to a… … Black's law dictionary
penal bill — Same as penal bond … Ballentine's law dictionary
penal sum — n: a sum to be paid as a penalty esp. under the terms of a bond Merriam Webster’s Dictionary of Law. Merriam Webster. 1996 … Law dictionary
Penal colony — Epigraphy in honour of a prisoner in the Australian penal colony of Botany Bay. A penal colony is a settlement used to exile prisoners and separate them from the general populace by placing them in a remote location, often an island or distant… … Wikipedia
bond — Noun: The obligation secured by a mortgage or deed of trust; a corporate obligation. 19 Am J2d Corp § 1059; at common law, a sealed instrument or specialty. 34 Am J1st Lim Ac § 82; an obligation in writing which binds a signatory to pay a sum… … Ballentine's law dictionary
penal sum — noun 1. : a sum of money payable under a statute as a forfeiture for wrongdoing by the wrongdoer to the person wronged 2. : a sum of money or penalty agreed upon in a bond or in a contract to be paid to one party in case there is a breach of the… … Useful english dictionary
penal sum — The amount of the penalty specified in a bond or undertaking for its breach or non fulfilment … Ballentine's law dictionary
