- public official bond
- noun
: a surety bond providing indemnity for failure of a public official to perform faithfully the duties of his office
Useful english dictionary. 2012.
public official bond
Look at other dictionaries:
official bond — A penal bond conditioned upon the performance of duties of office. A bond required of a public officer, in effect, a contract between the officer and the government, binding the officer to discharge the duties of his office, and binding the… … Ballentine's law dictionary
official — of·fi·cial 1 n: one who holds or is invested with an office esp. in government a municipal official official 2 adj 1: of, relating to, or holding an office, position, or trust official duties 2: fully authorized an official policy of t … Law dictionary
official — An officer; a person invested with the authority of an office. See also officer In Canon law, a person to whom a bishop commits the charge of his spiritual jurisdiction. In Civil law, the minister or apparitor of a magistrate or judge official,… … Black's law dictionary
bond — A certificate or evidence of a debt on which the issuing company or governmental body promises to pay the bondholders a specified amount of interest for a specified length of time, and to repay the loan on the expiration date. A long term debt… … Black's law dictionary
bond — A certificate or evidence of a debt on which the issuing company or governmental body promises to pay the bondholders a specified amount of interest for a specified length of time, and to repay the loan on the expiration date. A long term debt… … Black's law dictionary
Bond (finance) — In finance, a bond is a debt security, in which the authorized issuer owes the holders a debt and, depending on the terms of the bond, is obliged to pay interest (the coupon) to use and/or to repay the principal at a later date, termed maturity.… … Wikipedia
Public library — The Toronto Reference Library, centerpiece of the Toronto Public Library system … Wikipedia
Public university — The Main Building at University College London A public university is a university that is predominantly funded by public means through a national or subnational government, as opposed to private universities. A national university may or may not … Wikipedia
Notary public — An embossed foil Notary Seal from the State of New York. A notary public (or notary or public notary) in the common law world is a public officer constituted by law to serve the public in non contentious matters usually concerned with estates,… … Wikipedia
Surety bond — A surety bond is a contract among at least three parties: * The principal the primary party who will be performing a contractual obligation * The obligee the party who is the recipient of the obligation, and * The surety who ensures that the… … Wikipedia
