Bond (definition)
An agreement under which a person or corporation (such as an insurance company) becomes surety to pay, within stated limits, for financial loss caused to a second person or legal entity by the act or default of a third person | ||
State Law | ||
Arizona | ||
means a bond authorized and issued under this article Arizona Laws 35-468 | ||
means a bond secured solely by bridge construction revenues or a bond secured solely by highway improvement revenues as authorized and issued pursuant to this article Arizona Laws 28-7651 | ||
means any bond issued pursuant to this article Arizona Laws 48-141 | ||
means any bond issued pursuant to this article, including any tax secured bond Arizona Laws 9-521 | ||
means any bond, note, warrant, lease, lease purchase agreement or other interest bearing obligation issued pursuant to any provision of law by this state or any political subdivision Arizona Laws 35-511 | ||
means any obligation authorized and issued pursuant to this article, including:
(a) Bonds and notes Arizona Laws 5-1161, Arizona Laws 5-1461 |
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means any obligation authorized and issued pursuant to this chapter, including bonds, lease-purchase and installment purchase agreements, certificates of participation in a lease-purchase or installment purchase agreement and obligations that are authorized and issued to refund or refinance obligations that are authorized and issued pursuant to this chapter Arizona Laws 48-4201 | ||
means any obligation that is subject to the provisions of section 146 of the code, excluding obligations that received a carry-forward allocation in a prior year Arizona Laws 35-901 | ||
California | ||
includes warrant or other evidence of indebtedness California Government Code 53430, California Government Code 53460 | ||
means a bond, authorized by Section 53170, that is tax exempt under both state and federal law, or a bond that is tax exempt under state law and taxable under federal law California Health and Safety Code 53151 | ||
means a bond, authorized by Sections 8878 California Government Code 8878.16 | ||
means a bond, warrant, note, lease, or installment sale obligation that is evidenced by a certificate of participation or other evidence of indebtedness issued by the authority California Government Code 15432 | ||
means a general obligation bond California Water Code 36551 | ||
means a state general obligation bond issued pursuant to an act adopting the provisions of this chapter California Government Code 16722 | ||
means a state general obligation bond issued pursuant to this article adopting the provisions of the State General Obligation Bond Law California Elections Code 19252 | ||
means any bond and the interest coupons attached thereto issued by any public body California Government Code 5300 | ||
means any bonded indebtedness regardless of state law or charter that requires voter approval, including, but not limited to, general obligation bonds, revenue bonds, and bonds issued pursuant to the Mello-Roos Community Facilities Act (Chapter 2 California Government Code 53412 | ||
means bonds, notes, debentures, securities, or other evidences of indebtedness of the authority issued pursuant to this chapter California Education Code 94110 | ||
means revenue bond or other evidences of indebtedness but not attached coupons California Government Code 50661 | ||
means veterans bond, a state general obligation bond issued pursuant to this article adopting the provisions of the State General Obligation Bond Law California Military and Veterans Code 996.973, California Military and Veterans Code 996.987, California Military and Veterans Code 997.003, California Military and Veterans Code 998.003, California Military and Veterans Code 998.023, California Military and Veterans Code 998.043, California Military and Veterans Code 998.054 | ||
Delaware | ||
means any revenue or general obligation bonds or bond, notes or note, or other similar instruments or instrument issued by New Castle County pursuant to and in accordance with this chapter Delaware Code Title 9 Sec. 3202 | ||
means any revenue or general obligation bonds or bond, notes or note, or other similar instruments or instrument issued by the County pursuant to and in accordance with this chapter Delaware Code Title 9 Sec. 5402 | ||
Florida | ||
include any and all forms of pretrial release Florida Statutes 903.011 | ||
includes “certificate” and the provisions which are applicable to bonds are equally applicable to certificates Florida Statutes 190.003 | ||
includes bonds, debentures, notes, certificates of indebtedness, mortgage certificates, or other obligations or evidences of indebtedness of any type or character Florida Statutes 166.101 | ||
means any bond which requires an allocation pursuant to… Florida Statutes 159.803 | ||
means any bond, debenture, note, or other evidence of financial indebtedness issued by the corporation under and pursuant to this act Florida Statutes 420.503 | ||
Hawaii | ||
means any bond, note, and other evidence of indebtedness that is issued by the State pursuant to part of chapter 269 Hawaii Revised Statutes 196-61 | ||
means any bond, note, or other evidence of indebtedness or lease with separately stated principal and interest components or certificates of participation therein Hawaii Revised Statutes 39C-1 | ||
Indiana | ||
as used in this chapter shall mean and include any bond issued by and which is an obligation of the county in its civil capacity; and any so-called county unit road bond which has been issued by the board of commissioners and is an obligation of the taxing district which is coterminous with the county; and any so-called gravel road bond which has been issued by the board of commissioners and is an obligation of the taxing district which is coterminous with any civil township Indiana Code 5-1-7-7 | ||
means any revenue bond, general obligation bond, or advance refunding bond Indiana Code 5-1-5-1 | ||
Iowa | ||
means a bond issued by a surety company or an irrevocable letter of credit issued by a financial institution Iowa Code 203C.1 | ||
means a bond issued by a surety company or an irrevocable letter of credit issued by a financial institution described in subsection 7 Iowa Code 203.1 | ||
means a bond issued by the authority pursuant to this chapter and includes a note or other instrument evidencing a debt authorized or referred to in this chapter Iowa Code 16.1 | ||
Kansas | ||
means a certificated or an uncertificated bond, no-fund warrant, temporary note or other agreement to repay borrowed money and any interest thereon whether in the form of a contract, lease, installment purchase agreement or otherwise, including a share, participation or other interest in any such agreement Kansas Statutes 10-621 | ||
Louisiana | ||
includes “certificate” and the provisions which are applicable to bonds are equally applicable to certificates Louisiana Revised Statutes 33:9039.13, Louisiana Revised Statutes 33:2740.73 | ||
means all general obligation bonds or other instruments evidencing indebtedness of the state of Louisiana or any of its boards, departments, commissions, authorities and agencies issued pursuant to Louisiana Revised Statutes 39:1362 | ||
means the bonds, notes, renewal notes, refunding bonds, interim certificates, certificates of indebtedness, certificates of participation, debentures, warrants, commercial paper, capital leases, revenue bonds, or other obligations or evidences of indebtedness authorized to be issued by a district Louisiana Revised Statutes 33:9039.103 | ||
means the bonds, notes, renewal notes, refunding bonds, interim certificates, certificates of indebtedness, certificates of participation, debentures, warrants, commercial paper, capital leases, revenue bonds, or other obligations or evidences of indebtedness authorized to be issued by the district Louisiana Revised Statutes 33:9039.65 | ||
Maine | ||
means a bond or note or other evidence of indebtedness authorized under this article, whether issued under or pursuant to a bond resolution, trust indenture, loan or other security agreement Maine Revised Statutes Title 5 Sec. 13080-A, Maine Revised Statutes Title 5 Sec. 13083-H | ||
means a bond or note or other evidence of indebtedness authorized under this chapter, whether issued under or pursuant to a bond resolution, trust indenture, loan or other security agreement Maine Revised Statutes Title 5 Sec. 13202 | ||
means a revenue obligation security, bond, note, debenture, certificate or other evidence of indebtedness of the State or any political subdivision of the State Maine Revised Statutes Title 10 Sec. 361 | ||
means revenue obligation security Maine Revised Statutes Title 10 Sec. 963-A, Maine Revised Statutes Title 38 Sec. 2211 | ||
Michigan | ||
includes a note or other obligation issued by the authority for borrowed money, including refunding bonds Michigan Laws 390.922 | ||
means a bond, note, financial instrument, or other evidence of indebtedness or obligation issued by the authority under this act Michigan Laws 12.272 | ||
means a bond, note, or other obligation issued by the authority under this act Michigan Laws 129.263, Michigan Laws 36.102 | ||
means a performance bond from a surety company authorized to transact business in this state, a certificate of deposit, a cash bond, or an irrevocable letter of credit, in favor of the department Michigan Laws 324.16901 | ||
Montana | ||
means any bond, note, debenture, interim certificate, or other evidence of financial indebtedness issued by the board pursuant to this part Montana Code 17-5-1503 | ||
means any bonds, notes, debentures, interim certificates, or other evidences of financial indebtedness issued by the board pursuant to this part, including those on which interest payments are taxable and those on which interest payments are tax exempt Montana Code 90-6-103 | ||
means :
(a)a bond executed by an alternative fuel dealer as principal with a corporate surety qualified under the laws of Montana, payable to the state of Montana, conditioned on performance of all requirements of this part, including the payment of all taxes, penalties, and other obligations of the alternative fuel dealer arising out of this part; or (b)a deposit with the department by the alternative fuel dealer, under terms and conditions that the department may prescribe, of certificates of deposit or irrevocable letters of credit issued by a bank and insured by the federal deposit insurance corporation Montana Code 15-70-701 |
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Nebraska | ||
shall mean any bond, note, debenture, interim certificate, bond anticipation note, or other evidence of financial indebtedness Nebraska Statutes 58-210 | ||
New Hampshire | ||
shall mean an evidence of indebtedness issued by the governmental unit or a business and industrial development authority under this chapter to finance a project in whole or in part or to refund indebtedness incurred for that purpose and which, in the case of business and industrial development authority bonds, is payable solely from revenues, other than taxes or payments in lieu thereof, derived from such project or facility New Hampshire Revised Statutes 162-G:3 | ||
New York | ||
means (a) a bond, note or other obligation of any kind or nature, whether secured or unsecured, which is part of an issue held by more than one person, or (b) a certificate or other instrument which is part of an issue held by more than one person evidencing any interest in any bond, note or other obligation of any kind or nature, whether secured or unsecured N.Y. Personal Property Law 285 | ||
Ohio | ||
includes an undertaking Ohio Code 1.02 | ||
Oregon | ||
means a contractual undertaking or an instrument to borrow money including, but not limited to, a bond, a note, an obligation, a loan agreement, a financing lease, a financing agreement or other similar instrument or agreement Oregon Statutes 367.010 | ||
means a contractual undertaking or instrument of a public body to repay borrowed moneys Oregon Statutes 287A.001 | ||
Rhode Island | ||
means :
(i) A bond duly executed by a motor carrier as principal with a corporate surety qualified under the provisions of the laws of this state, which bond shall be payable to this state, conditioned upon the basic performance of all requirements of this chapter, including the payment of all taxes, penalties and other obligations of the motor carrier arising out of this tax; or (ii) A deposit with the state treasury by the motor carrier under any terms and conditions that the administrator may prescribe, in like amount of lawful money of the United States or bonds, or other obligations of the United States, this state, or any county of this state, of an actual market value not less than the amount so fixed by the administrator Rhode Island General Laws 31-36.1-2 |
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Tennessee | ||
means a bond held in escrow for the purpose of maintaining adequate reserves to account for losses suffered by a licensee and owed to bettors Tennessee Code 4-49-102 | ||
means all obligations issued by any person, firm, joint-stock company, business trust or corporation organized and doing business under the laws of this state, or any other state, evidenced by an instrument whereby the obligor is bound to pay interest to the obligee regardless of whether the obligor is doing business in this state, or whether the obligation under the terms of which the interest accrues is a mortgage or lien on property located in this state or beyond the jurisdiction of the state Tennessee Code 67-2-101 | ||
means any bond authorized and issued pursuant to this chapter Tennessee Code 4-31-102 | ||
means any cash or other security deposited to secure an appearance for trial, following a citation by an arresting officer for violation of a traffic law, ordinance, rules or regulation Tennessee Code 55-50-701 | ||
means irrevocable bond executed by a corporate surety company licensed to do business as a corporate surety company in this state, with penalties of like amounts as those pertaining to an insurance policy or the amount of damages suffered, whichever is less, the bond to guarantee the payment of any final judgment which might thereafter be rendered against the bonded party resulting from the accident up to and including the total amount of the bond, except the bond may specify a limited payment to those persons who have at the time of its execution filed claims with the commissioner, and shall contain a clause therein that it shall remain in force for one (1) year from the date of the accident or until final determination of any court action brought as a result of the accident, whichever may be the longer period of time Tennessee Code 55-12-102 | ||
Utah | ||
includes a bond, note, or other instrument issued under this chapter evidencing an indebtedness of a local building authority Utah Code 17D-2-102 | ||
means any obligation for which an allocation of volume cap is required by the code Utah Code 35A-8-2102 | ||
means any revenue bond, general obligation bond, tax increment bond, special improvement bond, local building authority bond, or refunding bond Utah Code 11-27-2 | ||
means the same as that term is defined in Section |
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means :
(3)(a) a written obligation to repay borrowed money, whether denominated a bond, note, warrant, certificate of indebtedness, or otherwise; and
(3)(b) a lease agreement, installment purchase agreement, or other agreement that:
(3)(b)(i) includes an obligation by the district to pay money; and
(3)(b)(ii) the district’s board of trustees, in its discretion, treats as a bond for purposes of Title 11, Chapter 14, Local Government Bonding Act, or Title 11, Chapter 27, Utah Refunding Bond Act Utah Code 17B-1-102 |
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Vermont | ||
means a note, bond, debenture, or any other evidence of indebtedness issued by a municipality or by the State of Vermont under subchapter 4 of this chapter to finance a project in whole or in part or to refund indebtedness incurred for that purpose | ||
means any bond or note issued by the municipal corporation and payable out of the net revenues from the operation of a public utility project | ||
Virginia | ||
includes any form of financial instrument that provides security equivalent to that provided by a bond, such as an irrevocable letter of credit, if its use in lieu of a bond is authorized pursuant to regulations adopted by the Commission Virginia Code 6.2-2200 | ||
includes any interest bearing obligation, including promissory notes Virginia Code 15.2-5369 | ||
includes any interest-bearing obligation, including promissory notes Virginia Code 15.2-5201 | ||
means a bond executed by a surety company licensed to do business in the Commonwealth Virginia Code 3.2-4738 | ||
means a note of any kind, an interim certificate, a refunding bond, and any other evidence of obligation, including private bonds and other forms of private financing Virginia Code 15.2-5935 | ||
means any bond, note, or other evidence of indebtedness or obligation of an institution issued by an institution pursuant to this chapter Virginia Code 23.1-1100 | ||
means the posting by a person or his surety of a written promise to pay a specific sum, secured or unsecured, ordered by an appropriate judicial officer as a condition of bail to assure performance of the terms and conditions contained in the recognizance Virginia Code 19.2-119 | ||
West Virginia | ||
means a revenue bond issued by the authority to effect the purposes of this article West Virginia Code 16-29A-3 | ||
means a revenue bond or rate issued by the division to effectuate the intents and purposes of this article West Virginia Code 17-16F-3 | ||
means a revenue bond, or note or other evidence of indebtedness, including, but not limited to, a taxable bond and commercial paper, issued by the West Virginia economic development authority or by the authority to effect the intents and purposes of this article West Virginia Code 5D-1-3 | ||
means a surety bond or any other arrangement, including but not limited to letters of credit and escrow accounts, that represent a financial guarantee from the owner of a wind generation facility or solar generation facility to meet decommissioning requirements as established in this Act West Virginia Code 22-32-3 | ||
means a written instrument guaranteeing that the person bonded shall faithfully fulfill the terms of the contract of purchase and guarantee payment of the purchase price of all livestock purchased by him/her, and made payable to the commissioner for the benefit of persons sustaining loss resulting from the nonpayment of the purchase price or the failure to fulfill the terms of the contract of purchase West Virginia Code 19-10B-2 | ||
means any veterans' West Virginia Code 31-18C-3 |