bond for land

A bond given by the seller of land to a buyer, binding the seller to convey once the buyer tenders the agreed price.

— Also termed bond for a deed. Cf. BINDER(1). [Cases: Vendor and Purchaser 27. C.J.S. Vendor and Purchaser § 22.]

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词条贡献者

资深译员Lester，毕业于美国一流的高级翻译学院，专注翻译各种与复杂国际仲裁有关的法律文件。