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Grace，毕业于一所培养最顶级翻译人才的语言学院，擅长翻译各类与商业诉讼及争议相关的法律文件。