{"id":11836,"date":"2018-01-05T00:17:30","date_gmt":"2018-01-05T00:17:30","guid":{"rendered":"https:\/\/reunitethestates.org\/?page_id=11836"},"modified":"2018-02-13T05:37:26","modified_gmt":"2018-02-13T05:37:26","slug":"bonds-that-are-obligation-to-pay-money-if-a-certain-event-takes-place","status":"publish","type":"page","link":"https:\/\/reunitethestates.org\/?page_id=11836","title":{"rendered":"Bonds that ensure obligation to pay money if a certain event takes place:"},"content":{"rendered":"<p><span style=\"font-size: 14pt;\"><strong><span style=\"font-size: 18pt;\"><a href=\"https:\/\/reunitethestates.org\/?page_id=11854\" target=\"_blank\" rel=\"noopener\">fidelity bond<\/a><\/span> &#8211; a bond in the form of an insurance contract which indemnifies an employer or business for loss due to embezzlement, larceny, or gross negligence by an employee or other person holding a position of trust.<\/strong><\/span><\/p>\n<p><strong><span style=\"font-size: 14pt;\"><a href=\"https:\/\/reunitethestates.org\/?page_id=11856\" target=\"_blank\" rel=\"noopener\"><span style=\"font-size: 18pt;\">indemnity bond<\/span><\/a> &#8211; a bond to reimburse the holder for any actual or claimed loss caused by the issuer\u2019s or some other person\u2019s conduct.<\/span><\/strong><\/p>\n<p><strong><span style=\"font-size: 14pt;\"><a href=\"https:\/\/reunitethestates.org\/?page_id=11860\" target=\"_blank\" rel=\"noopener\"><span style=\"font-size: 18pt;\">penal bond<\/span><\/a> &#8211; a bond conditioned upon the performance of duties of office, or other obligations undertaken by the principal obligor in the bond or collateral things to be done by him.<\/span><\/strong><\/p>\n<p><strong><span style=\"font-size: 14pt;\"><a href=\"https:\/\/reunitethestates.org\/?page_id=11848\" target=\"_blank\" rel=\"noopener\"><span style=\"font-size: 18pt;\">surety bond<\/span><\/a> &#8211; a bond that secures the performance of an obligation.<\/span><\/strong><\/p>\n<ul>\n<li><strong><span style=\"font-size: 14pt;\"><a href=\"https:\/\/reunitethestates.org\/?page_id=11839\" target=\"_blank\" rel=\"noopener\"><span style=\"font-size: 18pt;\">performance bond<\/span><\/a> &#8211; a contractor&#8217;s bond which guarantees that the contractor will perform the contract, and usually provides that if the contractor defaults and fails to complete the contract, the surety can itself complete the contract or pay <a href=\"https:\/\/reunitethestates.org\/?page_id=6814\" target=\"_blank\" rel=\"noopener\">damages<\/a> up to the limit of the bond.<\/span><\/strong><\/li>\n<li><strong><span style=\"font-size: 14pt;\"><a href=\"https:\/\/reunitethestates.org\/?page_id=11846\" target=\"_blank\" rel=\"noopener\"><span style=\"font-size: 18pt;\">bail bond<\/span><\/a> &#8211; a bond given to a court by a criminal defendant\u2019s surety to guarantee that the defendant will duly appear in court in the future and, if the defendant is jailed, to obtain the defendant\u2019s release from confinement.<\/span><\/strong><\/li>\n<\/ul>\n<p style=\"text-align: center;\"><span style=\"font-size: 18pt; color: #993300;\"><strong>Examples of Indemnity and Penal Bonds:<\/strong><\/span><\/p>\n<p><strong><span style=\"font-size: 14pt;\"><span style=\"font-size: 18pt;\"><a href=\"https:\/\/reunitethestates.org\/?page_id=11867\" target=\"_blank\" rel=\"noopener\">appeal bond<\/a><\/span> &#8211; a <a href=\"https:\/\/reunitethestates.org\/?page_id=8119\" target=\"_blank\" rel=\"noopener\">bond<\/a> that an <a href=\"https:\/\/reunitethestates.org\/?page_id=2524\" target=\"_blank\" rel=\"noopener\">appellate court<\/a> may require from an <a href=\"https:\/\/reunitethestates.org\/?page_id=8976\" target=\"_blank\" rel=\"noopener\">appellant<\/a> in a <a href=\"https:\/\/reunitethestates.org\/?page_id=10714\" target=\"_blank\" rel=\"noopener\">civil case<\/a> to ensure payment of the costs of appeal, as a condition to bringing an appeal or staying execution of the judgment appealed from.\u00a0 Fed. R. App. P. 7.<\/span> <\/strong><\/p>\n<p><span style=\"font-size: 14pt;\"><strong><a href=\"https:\/\/reunitethestates.org\/?page_id=11871\" target=\"_blank\" rel=\"noopener\"><span style=\"font-size: 18pt;\">attachment bond<\/span><\/a> &#8211; a bond a defendant gives to recover attached property; the plaintiff then looks to the bond issuer to satisfy a judgment against the defendant.<\/strong><\/span><\/p>\n<p><span style=\"font-size: 14pt;\"><strong><span style=\"font-size: 18pt;\"><a href=\"https:\/\/reunitethestates.org\/?page_id=11873\" target=\"_blank\" rel=\"noopener\">bid bond<\/a><\/span> &#8211; a type of <a href=\"https:\/\/reunitethestates.org\/?page_id=11839\" target=\"_blank\" rel=\"noopener\">performance bond<\/a> filed in public construction projects in order to indemnify the public against the consequences of a bidder&#8217;s failure to follow through on the bid.<\/strong><\/span><\/p>\n<p><strong>completion bonds<\/strong><\/p>\n<p><strong>peace bonds<\/strong><\/p>\n<p align=\"CENTER\"><strong><span style=\"color: #993300;\"><span style=\"font-size: x-large;\">References:<\/span><\/span><\/strong><\/p>\n<p align=\"CENTER\"><strong><span style=\"color: #ff0000;\"><span style=\"font-size: large;\">Disclaimer:<\/span><\/span><\/strong><strong><span style=\"font-size: large;\"> All material throughout this website is compiled in accordance with <a href=\"https:\/\/reunitethestates.org\/\/?page_id=2191\" target=\"_blank\" rel=\"noopener\">Fair Use<\/a><\/span><\/strong><strong>.<\/strong><\/p>\n<p><strong><span style=\"font-size: large;\">[1<\/span><\/strong><strong><span style=\"font-size: large;\">]: <a href=\"https:\/\/reunitethestates.org\/\/?page_id=7679\" target=\"_blank\" rel=\"noopener\">Ballantine&#8217;s Law Dictionary <\/a><\/span><\/strong><em><a href=\"https:\/\/reunitethestates.org\/\/?page_id=7679\" target=\"_blank\" rel=\"noopener\"><span style=\"font-size: large;\">Legal Assistant Edition<\/span><\/a><\/em><strong><span style=\"font-size: large;\"><br \/>\nby Jack Ballantine\u00a0<\/span><\/strong><em><span style=\"font-size: large;\">(James Arthur 1871-1949).\u00a0\u00a0<\/span><\/em><strong><a href=\"https:\/\/www.lawyeredu.org\/what-is-a-juris-doctorate-degree.html\" target=\"_blank\" rel=\"noopener\"><span style=\"font-size: large;\">Doctored<\/span><\/a><\/strong><em><span style=\"font-size: large;\">\u00a0<\/span><\/em><strong><span style=\"font-size: large;\">by\u00a0Jack G. Handler,\u00a0<a href=\"https:\/\/www.lawyeredu.org\/what-is-a-juris-doctorate-degree.html\" target=\"_blank\" rel=\"noopener\">J.D.<\/a>\u00a0\u00a9 1994 Delmar by Thomson Learning.\u00a0 ISBN 0-8273-4874-6.<\/span><\/strong><\/p>\n<p align=\"CENTER\"><span style=\"font-size: large;\">******************************************<\/span><\/p>\n<p align=\"CENTER\"><strong><span style=\"color: #993300;\"><span style=\"font-size: x-large;\">Back to <a href=\"https:\/\/reunitethestates.org\/?page_id=8119\" target=\"_blank\" rel=\"noopener\">Bonds<\/a><\/span><\/span><\/strong><\/p>\n<p align=\"CENTER\"><strong><span style=\"color: #ff00ff;\"><span style=\"font-size: x-large;\">Like this website?<\/span><\/span><\/strong><\/p>\n<p align=\"CENTER\"><strong><a href=\"https:\/\/www.crowdpac.com\/campaigns\/289757\/startup-funds-for-wild-willpower-pac-housing-eco-wise-homesteading-solutions-for-all\"><span style=\"font-size: x-large;\">Please Support Our Fundraiser<\/span><\/a><\/strong><\/p>\n<p align=\"CENTER\"><strong><span style=\"color: #0000ff;\"><span style=\"font-size: x-large;\">or donate via\u00a0<a href=\"http:\/\/www.paypal.com\/\">PayPal<\/a>:<\/span><\/span><\/strong><\/p>\n<h4 class=\"western\" align=\"CENTER\"><span style=\"font-size: x-large;\"><ul class=\"ul-addw2p ul-addw2p-paypalbutton\">\n<li>please set some widgets to show from Appearance -> Widgets.<\/li>\n<\/ul>\n<\/span><\/h4>\n<p><img loading=\"lazy\" decoding=\"async\" src=\"https:\/\/i0.wp.com\/www.reunitethestates.org\/wp-content\/uploads\/2017\/11\/ReUniteTheStates-Card.jpg?resize=474%2C271\" width=\"474\" height=\"271\" name=\"graphics1\" align=\"BOTTOM\" border=\"0\" \/><\/p>\n<p align=\"CENTER\"><strong><span style=\"color: #ff0000;\"><span style=\"font-size: large;\">Disclaimer:<\/span><\/span><\/strong><strong><span style=\"font-size: large;\">\u00a0<a href=\"http:\/\/www.wildwillpower.org\/\">Wild Willpower<\/a>\u00a0does not condone the actions of\u00a0<a href=\"https:\/\/www.youtube.com\/watch?v=OglrzNohp3Q\">Maximilian Robespierre<\/a>, however the above quote is excellent!<\/span><\/strong><\/p>\n<p align=\"CENTER\"><strong><span style=\"font-size: large;\">This website is being broadcast for\u00a0<a href=\"http:\/\/www.wildwillpower.org\/about-wild-willpower\/a-peaceable-assembly-of-civilians\">First Amendment purposes<\/a>\u00a0courtesy of<\/span><\/strong><\/p>\n<p><a href=\"http:\/\/www.wildwillpower.org\/about-wild-willpower\/a-peaceable-assembly-of-civilians\"><span style=\"color: #000080;\"><img loading=\"lazy\" decoding=\"async\" src=\"https:\/\/i2.wp.com\/www.reunitethestates.org\/wp-content\/uploads\/2013\/08\/Wild-WIllpower-array-of-greens.jpg?resize=474%2C83\" width=\"474\" height=\"83\" name=\"graphics2\" align=\"BOTTOM\" border=\"2\" \/><\/span><\/a><\/p>\n<p align=\"CENTER\"><span style=\"font-size: x-large;\">Questions?\u00a0 Suggestion(s)?<br \/>\n<a href=\"mailto:Distance@WildWillpower.org\">Distance@WildWillpower.org<\/a>.<br \/>\n<\/span><em><span style=\"font-size: x-large;\">We look forward to hearing from you!<\/span><\/em><\/p>\n","protected":false},"excerpt":{"rendered":"<p>fidelity bond &#8211; a bond in the form of an insurance contract which indemnifies an employer or business for loss due to embezzlement, larceny, or gross negligence by an employee or other person holding a position of trust. indemnity bond &#8211; a bond to reimburse the holder for any actual or claimed loss caused by &hellip; <a href=\"https:\/\/reunitethestates.org\/?page_id=11836\" class=\"more-link\">Continue reading <span class=\"screen-reader-text\">Bonds that ensure obligation to pay money if a certain event takes place:<\/span> <span class=\"meta-nav\">&rarr;<\/span><\/a><\/p>\n","protected":false},"author":1,"featured_media":0,"parent":8119,"menu_order":0,"comment_status":"closed","ping_status":"closed","template":"","meta":{"footnotes":""},"class_list":["post-11836","page","type-page","status-publish","hentry"],"_links":{"self":[{"href":"https:\/\/reunitethestates.org\/index.php?rest_route=\/wp\/v2\/pages\/11836","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/reunitethestates.org\/index.php?rest_route=\/wp\/v2\/pages"}],"about":[{"href":"https:\/\/reunitethestates.org\/index.php?rest_route=\/wp\/v2\/types\/page"}],"author":[{"embeddable":true,"href":"https:\/\/reunitethestates.org\/index.php?rest_route=\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/reunitethestates.org\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=11836"}],"version-history":[{"count":10,"href":"https:\/\/reunitethestates.org\/index.php?rest_route=\/wp\/v2\/pages\/11836\/revisions"}],"predecessor-version":[{"id":13792,"href":"https:\/\/reunitethestates.org\/index.php?rest_route=\/wp\/v2\/pages\/11836\/revisions\/13792"}],"up":[{"embeddable":true,"href":"https:\/\/reunitethestates.org\/index.php?rest_route=\/wp\/v2\/pages\/8119"}],"wp:attachment":[{"href":"https:\/\/reunitethestates.org\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=11836"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}