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Bond :: Bond (n.) A writing under seal, by which a person binds himself, his heirs, executors, and administrators, to pay a certain sum on or before a future day appointed. This is a single bond. But usually a condition is added, that, if the obligor shall do a certain act, appear at a certain place, conform to certain rules, faithfully perform certain duties, or pay a certain sum of money, on or before a time specified, the obligation shall be void; otherwise it shall remain in full force. If the condi

Principal :: Principal (n.) A chief obligor, promisor, or debtor, -- as distinguished from a surety..

Obligor :: Obligor (n.) The person who binds himself, or gives his bond to another..

#NAME? :: -or () A noun suffix denoting an agent or doer; as in auditor, one who hears; donor, one who gives; obligor, elevator. It is correlative to -ee. In general -or is appended to words of Latin, and -er to those of English, origin. See -er..

Post-obit Bond :: Post-obit bond () A bond in which the obligor, in consideration of having received a certain sum of money, binds himself to pay a larger sum, on unusual interest, on the death of some specified individual from whom he has expectations..

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