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Meaning of “judicial bond” in the English Dictionary

"judicial bond" in Business English

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judicial bondnoun [C]

uk   us   LAW
a document ordered by a court of law in which a person or company promises to pay a particular amount of money to the person or company on the other side of a legal action if they fail to do something that they have been ordered to do, cause delay in the legal action, etc.
(Definition of judicial bond from the Cambridge Business English Dictionary © Cambridge University Press)
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