surety bond

English - Turkish

Definition of surety bond in English Turkish dictionary

(Kanun,Ticaret) kefalet senedi

Related Terms

surety bonds

(Ticaret) kefalet senetleri

surety bonds

kefalet tahviller

English - English

Definition of surety bond in English English dictionary

: In a criminal case, the surety (or bail) bond assures the appearance of the defendant or the repayment of bail forfeited upon the defendant's failure to appear in court

: A bond issued by one party, the surety, guaranteeing that he will perform certain acts promised by another or pay a stipulated sum, up to the bond limit, in lieu of performance, should the principle fail to perform

Hyphenation

sure·ty bond

Turkish pronunciation

şûrıti bänd

Pronunciation

/ˈsʜo͝orətē ˈbänd/ /ˈʃʊrətiː ˈbɑːnd/

Etymology

[ 'shur(-&)-tE ] (noun.) 14th century. Middle English surte, from Middle French surté, from Latin securitat-, securitas security, from securus.