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Definitions from the Web

Cash Bond

Definition:

A cash bond refers to a type of financial security in which an individual or entity must deposit a specified amount of money to guarantee their appearance in court or fulfill other legal obligations.

Senses:

1. Legal: A sum of money or property provided as a form of bail to secure the release of a person accused of a crime, ensuring their presence at future court proceedings.
2. Investing: A fixed-income investment where an investor lends money to an entity, such as a government or corporation, for a specified period, usually in return for periodic interest payments.

Sample sentences:

1. The defendant's attorney arranged for his release on a cash bond of $50,000.
2. She decided to invest in a cash bond offered by a reputable company to diversify her investment portfolio.
3. If you fail to appear in court, the court may forfeit the cash bond.

Possible Related Products:

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