The Law Dictionary

Your Free Online Legal Dictionary • Featuring Black’s Law Dictionary, 2nd Ed.

STATUTORY BOND Definition & Legal Meaning

Definition & Citations:

A government requirement that contractors, businesses, and fiduciaries whose work affects public  interest maintain a security bond to ensure sufficient fortification in case the contract individual breaks contract.

Disclaimer

This article contains general legal information but does not constitute professional legal advice for your particular situation. The Law Dictionary is not a law firm, and this page does not create an attorney-client or legal adviser relationship. If you have specific questions, please consult a qualified attorney licensed in your jurisdiction.