Performance Bond - Law Dictionary Search Results
Escrow
A deed bond or other written engagement delivered to a third person to be held by him till some act is … to a third person to be held by him till some act is done or some condition is performed and then to be by him delivered to the grantee
Non damnificatus
conditioned 'to keep the plaintiff harmless and indemnified,' etc. It was in the nature of a plea of performance; being used where the defendant meant to allege that the plaintiff had been kept harmless and indemnified, according … Non damnificatus (not injured). This was a plea in an action of debt on an indemnity bond, or bond conditioned 'to keep the plaintiff harmless and indemnified,' etc. It was in the nature of a
Uncore prist
a defendant in the nature of a plea in bar, where being sued for a debt due on bond at a day past, to save the forfeiture of the bond, he says that he tendered the money … pay the same. [Law french 'still ready']. A plea by which a party alleges readiness to pay or perform what is justify demanded, Black's Law Dictionary, 7th Edn., p. 1527.
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Security
1974 (C39), ss. 189(1)] Means an instrument which guarantees the certainty of some specific thing, as, payment or performance, A Dictionary of Law, Willium C. Anderson, 1889, p. 930. … Chetumal v. Noorbhoy, AIR 1928 Sind 89: 107 IC 213. Security, it may range from a mere personal bond or promissory note or guarantee, or even a mere pledge of something of no intrinsic value, to a
Chose
possession or actual enjoyment, but has a right to demand by action or other proceedings, as a debt, bond, etc. A well-known rule of the Common Law was that no possibility, right, title, or thing in action, … good equitable assignment quite outside the statute, William Brandt's Son v. Dunlop Rubber, 1905 AC 454; but see Performing Right Society v. London Theatre of Varieties, 1922 (2) KB 433, as to parties. as to the assignment
liability
that arises from a legal obligation owed to an injured party to pay damages for another's failure to perform or negligent act several liability : liability assumed or imposed on an individual separate from others solidary liability … : something for which one is liable: as a : a financial obligation : debt [tax ] [the bonds are liabilities] compare asset contingent liability : an amount that may or may not be owed depending on
lien
is higher in priority relative to other liens special lien 1 : an equitable lien enforceable to compel performance of an obligation (as under a divorce settlement) 2 : charging lien in this entry spe·cif·ic lien : … lien [Anglo-French, bond, obligation, literally, tie, band, from Old French, from Latin ligamen, from ligare to bind] : a charge or
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