Collateral Promise - Law Dictionary Search Results
bond
a lien on property and is often designed to take care of a particular financial need see also collateralized mortgage obligation accrual bond : a bond that is usually the last tranche of a collateralized mortgage obligation … the obligated person's behavior. Some bonds, such as fidelity bonds, function as insurance agreements, in which the surety promises to pay for financial loss caused by the bad behavior of an obligated person or by some contingency
Covenant
the transaction requires. Covenants are inherent that tend to the support of the lan or thing granted,or ae collateral to it; affirmative, or negative; executed, or that which is alreadyd one; executory, or that which is to … Covenant [fr. Covenant, Fr.], any agreement, convention, or promise of two or more parties, by deed in writing, signed, sealed, and delivered, by which either of the
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