Regulations passed for the presidency of Bombay, and the territories subordinate thereto. They were passed by the governors in council of Bombay until the year 1834, when the power of local legislation ceased, and the acts relating thereto were thenceforth passed by the governor general of India in council. Moz ley & Whitley. … [Read more...]
BOND
(1) A suretyship agreement where a bonding company guarantees to a court that a person will perform some required act (for example, making all court appearances, providing the title to a parcel of real estate) and will pay to the court or aggrieved party the entire amount of money required (the value of the bond) if the person fails to perform on his or her obligations. The … [Read more...]
BODMERIE, BODEMERIE, BODDEMEREY
Belg. and Germ. Bottomry, (q. v.) … [Read more...]
BON
Fr. In old French law. A royal order or check on the treasury, invented by Francis I. Bon pour mille livres, good for a thousand livres. Step. Lect 387. In modern law. The name of a clause to a cedule or promise, where it is not in the handwriting of the signer, containing the amount of the sum which he obliges himself to pay. Poth. Obi. part 4, ch. 1, art 2, … [Read more...]
BOND DISCOUNT
Also known as a bond premium. The purchase of a bond for an amount that is lower than its value. … [Read more...]