What is SIMPLE BOND?

At common law, a bond without penalty; a bond for the payment of a definite sum of money to a named obligee on demand or on a day certain. Burnside v. Wand, 170 Mo. 631, 71 S. W. 337, 62 L. R. A. 427.

More On This Topic



Link to This Definition
Did you find this definition of SIMPLE BOND helpful? You can share it by copying the code below and adding it to your blog or web page.
Written and fact checked by The Law Dictionary