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Surety bond
Surety bondA bond purchased at the expense of the estate to insure the executor's proper performance. Also referred to as "fidelity bond." RELATED TERMS-------------------------------------- Bond A written agreement by which a person insures he will pay a certain sum of money if he does not perform certain duties property. Estate A right or interest in property or the property of a deceased person. Proper That which is essential, suitable, adapted, and correct. Performance The act of doing something; the thing done is also called a performance. SIMILAR TERMS-------------------------------------- Surety Contracts. A person who binds himself for the payment of a sum of money or for the performance of something else, for another, who is already bound for the same. A surety differs from a guarantor, and the latter cannot be sued until after a suit against the principal. Surety of the peace Criminal lawA security entered into before. Some competent court or officer, by a party accused, together with some other person, in the form of recognizance to the commonwealth in a certain sum of money, with, a condition that the accused shall keep the peace towards all the citizens of the commonwealth. A security for good behaviour is a similar recognizance with a condition that the accused shall be of good behaviour. Suretyship Contracts. An accessory agreement by which a person binds himself for another already bound, either in whole or in part, as for his debt, default or miscarriage. PREVIOUS AND NEXT TERMS-------------------------------------- Supreme court The court of the highest jurisdiction in the United States, having appellate jurisdiction over all the other courts of the United. States, is so called. Its powers are examined under the article Courts of the United States. Sur A French word which signifies upon, on. It is very frequently used in connexion with other words as, sur rule to take deposition, sur trover and conversion, and the like. Sur cui ante divortium The name of a writ issued in favor of the heir of the wife, where the hushand alienated the wife's lands, during the coverture, and afterwards they were divorced and she died, to recover the lands from the alienee. Surcharge Chancery practice. When a bill is filed to open an account, stated, liberty is sometimes given to the plaintiff to surcharge and falsify such account. That is, to examine not only errors of fact, but errors of law. Surety Contracts. A person who binds himself for the payment of a sum of money or for the performance of something else, for another, who is already bound for the same. A surety differs from a guarantor, and the latter cannot be sued until after a suit against the principal. Surety bond Surety of the peace Criminal lawA security entered into before. Some competent court or officer, by a party accused, together with some other person, in the form of recognizance to the commonwealth in a certain sum of money, with, a condition that the accused shall keep the peace towards all the citizens of the commonwealth. A security for good behaviour is a similar recognizance with a condition that the accused shall be of good behaviour. Suretyship Contracts. An accessory agreement by which a person binds himself for another already bound, either in whole or in part, as for his debt, default or miscarriage. Surgery med. jur. That part of the healing art which relates to external diseases; their treatment; and, specially, to the manual operations adopted for their cure. Surname A name which is added to the christian name, and which, in modern times, have become family names. Surplus That which is left from a fund which has been appropriated for a particular purpose; the remainder of a thing; the overplus the residue. We thank you for using the Juridical Dictionary to search for Surety bond. If you have a better definition for Surety bond than the one presented here, please let us know by making use of the suggest a term option. This definition of Surety bond may be disputed by other professionals. Our attempt is to provide easy definitions on Surety bond and any other medical topic for the public at large.
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