{"id":11947,"date":"2018-01-09T20:26:37","date_gmt":"2018-01-09T20:26:37","guid":{"rendered":"https:\/\/reunitethestates.org\/?page_id=11947"},"modified":"2018-01-10T20:29:01","modified_gmt":"2018-01-10T20:29:01","slug":"legal-terms-pertaining-to-bonds","status":"publish","type":"page","link":"https:\/\/reunitethestates.org\/?page_id=11947","title":{"rendered":"Legal Terms pertaining to Bonds:"},"content":{"rendered":"<p>&nbsp;<\/p>\n<p><strong><span style=\"font-size: 14pt;\"><a href=\"https:\/\/reunitethestates.org\/?page_id=11951\" target=\"_blank\" rel=\"noopener\"><span style=\"font-size: 18pt;\">obligation<\/span><\/a> &#8211; a formal, binding agreement (<a href=\"https:\/\/reunitethestates.org\/?page_id=8119\" target=\"_blank\" rel=\"noopener\">bond<\/a>) or acknowledgment of a <a href=\"https:\/\/reunitethestates.org\/?page_id=7031\" target=\"_blank\" rel=\"noopener\">liability<\/a> to pay a certain amount, or to perform, or forbear from performing, a certain duty for a particular person(s), whether the duty is imposed by law, contract, promise, oath, duty, or moral responsibility.<\/span><\/strong><\/p>\n<ul>\n<li><strong><span style=\"font-size: 14pt;\"><a href=\"https:\/\/reunitethestates.org\/?page_id=11950\" target=\"_blank\" rel=\"noopener\"><span style=\"font-size: 18pt;\">obligee<\/span><\/a> &#8211; the person to whom the duty of an obligation is owed, to whom a bond is made payable, and who is entitled to enforce a guaranty; a promisee, creditor, or donor beneficiary.<br \/>\n<\/span><\/strong><\/li>\n<li><span style=\"font-size: 14pt;\"><strong><a href=\"https:\/\/reunitethestates.org\/?page_id=11949\" target=\"_blank\" rel=\"noopener\"><span style=\"font-size: 18pt;\">obligor<\/span><\/a> &#8211; a person who has undertaken an obligation; a promisor or debtor.<\/strong><\/span><\/li>\n<\/ul>\n<p><strong><span style=\"font-size: 14pt;\"><a href=\"https:\/\/reunitethestates.org\/?page_id=11968\" target=\"_blank\" rel=\"noopener\"><span style=\"font-size: 18pt;\">indemnity<\/span><\/a> &#8211; a duty to make good any loss, damage, or liability incurred by another, or the right of an injured party to claim reimbursement for its loss, damage, or liability from a person who has such a duty.<\/span><\/strong><\/p>\n<ul>\n<li><span style=\"font-size: 14pt;\"><strong><span style=\"font-size: 18pt;\"><a href=\"https:\/\/reunitethestates.org\/?page_id=11974\" target=\"_blank\" rel=\"noopener\">indemnify<\/a><\/span> &#8211; to compensate or reimburse a person for a past or future loss or damage caused by one&#8217;s own or a third party&#8217;s act or default.<\/strong><\/span><\/li>\n<li><span style=\"font-size: 14pt;\"><strong><span style=\"font-size: 18pt;\"><a href=\"https:\/\/reunitethestates.org\/?page_id=11975\" target=\"_blank\" rel=\"noopener\">indemnitee<\/a><\/span> &#8211; someone who receives indemnity from another.<\/strong><\/span><\/li>\n<li><span style=\"font-size: 14pt;\"><strong><span style=\"font-size: 18pt;\"><a href=\"https:\/\/reunitethestates.org\/?page_id=11973\" target=\"_blank\" rel=\"noopener\">indemnitor<\/a><\/span> &#8211; a person whom indemnifies another. <\/strong>\u2014 aka <em><strong>indemnifier<\/strong><\/em>.<\/span><\/li>\n<\/ul>\n","protected":false},"excerpt":{"rendered":"<p>&nbsp; obligation &#8211; a formal, binding agreement (bond) or acknowledgment of a liability to pay a certain amount, or to perform, or forbear from performing, a certain duty for a particular person(s), whether the duty is imposed by law, contract, promise, oath, duty, or moral responsibility. obligee &#8211; the person to whom the duty of &hellip; <a href=\"https:\/\/reunitethestates.org\/?page_id=11947\" class=\"more-link\">Continue reading <span class=\"screen-reader-text\">Legal Terms pertaining to Bonds:<\/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-11947","page","type-page","status-publish","hentry"],"_links":{"self":[{"href":"https:\/\/reunitethestates.org\/index.php?rest_route=\/wp\/v2\/pages\/11947","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=11947"}],"version-history":[{"count":7,"href":"https:\/\/reunitethestates.org\/index.php?rest_route=\/wp\/v2\/pages\/11947\/revisions"}],"predecessor-version":[{"id":11982,"href":"https:\/\/reunitethestates.org\/index.php?rest_route=\/wp\/v2\/pages\/11947\/revisions\/11982"}],"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=11947"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}