joint bond

A bond signed by two or more obligors.

• In contrast to a joint and several bond, all the obligors must be joined if an action is brought on the bond. [Cases: Bonds 51. C.J.S. Bonds §§ 40–43.]


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译者Terence,毕业于国内顶尖法学院,擅长翻译各种与复杂结构性融资相关的法律文件。
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