Surety - Law Dictionary Search Results
Home Dictionary Name: surety Page: 3surety bond
surety bond see bond ...
bail bond
bail bond see bond ...
bond
bond 1 a : a usually 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 to perform or abstain will obligate the person or often a surety to pay a sum of money or will result in the forfeiture of money put up by the person or surety ;also : the money put up NOTE: The purpose of a bond is to provide an incentive for the fulfillment of an obligation. It also provides reassurance that the obligation will be fulfilled and that compensation is available if it is not fulfilled. In most cases a surety is involved, and the bond makes the surety responsible for the consequences of 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 over w...
Manucaptio
Manucaptio, 1. Surety; security; bail. 2. A writ allowing a person to be admitted to bail, when the person had been arrested for a felony but could not be admitted to bail by the sheriff, Black's Law Dictionary, 7th Edn., p. 977Manucaptio, a writ that lay for a man taken on suspicion of felony, etc., who cannot be admitted to bail by the sheriff or other shaving power to let to mainprise, Fitz. N.B. 249. See MAINPRIZE....
exoneration
exoneration 1 : the act of disburdening or discharging (as from a charge, liability, obligation, duty, or responsibility) ;also : the state of being so freed 2 a : the right of a person who has paid a debt for which he or she is only secondarily liable to be reimbursed by the person primarily liable b : the right of a surety to require a person or estate that is subject to a liability for which the surety is secondarily liable to discharge the liability thus relieving the surety ;also : the equitable remedy by which the surety compels discharge of the liability ...
Defended
Defended, the word 'defended' clearly includes the exercise of the right so long as the effect of the arrest continues. Before his release on bail the person defends himself against his arrest and the charge for which he is arrested and after his release on bail, against the charge he is to answer and, for answering which, the bail requires him to remain present. The narrow meaning of the word 'defended' cannot be accepted, State of Madhya Pradesh v. Shobharam, AIR 1966 SC 1910 (1917): 1966 Supp SCR 239. [Constitution of India, Art. 22(I)]...
Contribution
Contribution, to any fund shall not include any sums in repayment of loan. [Income-tax Act, 1961 (43 of 1961), s. 80C(8)(ii)]Means the sum of money payable to the corporation by the principal employer in respect of an employee and includes any amount payable by or on behalf of the employee in accordance with the provisions of this Act. [Employees' State Insurance Act, 1948 (34 of 1948), s. 2(4)]The word 'contribution' used in the proviso must also be given its due meaning. It cannot be understood as donations. If that be so, a voluntary contribution cannot amount to a compulsive donation. If the donor, in order to gain an advantage or benefit, if he apprehends that but the contribution some adverse consequence would follow, makes a donation certainly it ceases to be voluntary, Municipal Corpn. of Delhi v. Children Book Trust, AIR 1992 SC 1456 (1472): (1992) 3 SCC 390. [Delhi Municipal Corporation Act, 1957, (66 of 1957), s. 115(4)(a), Proviso]The performance by each of two or more pers...
Bailable
Bailable. An arresting process is said to be bailable when bail can be given, and the person arrested may obtain his liberty in consequence. See BAIL.Means eligible for bail, Webster's Dictionary of Law, p. 41....
justify
justify -fied -fy·ing vt 1 : to prove or show to be just, right, or reasonable [does not a denial of bail] 2 : to show to have had a legally sufficient reason or cause [a defendant may not set up his own standard of conduct to or excuse himself "State v. Doss, 568 P.2d 1054 (1977)"] vi 1 : to show a legally sufficient reason for an act 2 : to swear an oath as to the ownership of sufficient property [they shall in an amount no less than $200 "Oregon Revised Statutes"] ;also : to qualify as a surety by swearing such an oath [the defendants sought to as bail "State v. Blaisdell, 253 A.2d 341 (1969)"] ...
benefit
benefit 1 : something that provides an advantage or gain ;specif : an enhancement of property value, enjoyment of facilities, or increase in general prosperity arising from a public improvement general benefit : a benefit to the community at large resulting from a public improvement special benefit : a benefit from a public improvement that directly enhances the value of particular property and is not shared by the community at large NOTE: In proceedings for a partial taking for the purpose of a public improvement, the condemning authority may use a special benefit to the remaining land as a set-off against the landowner's damages for the taking. 2 in the civil law of Louisiana : a right esp. that serves to limit a person's liability benefit of dis·cus·sion : the right of a surety being sued to compel the suing creditor to sue the principal first benefit of di·vi·sion : the right of a surety being sued to compel the suing creditor to also sue the cosureti...
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