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The World Law Dictionary Project

English may be the common language of the world, but the Common Law is not the common law of the world

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e.g. principle, consideration, jurisdiction
# a b c d e f g h i j k l m n o p q r s t u v w x y z

indemnity bond noun


a written guarantee given by a third party on behalf of another party to a contract that if that party does not meet its contractual obligations, the third party will cover any resulting costs
The bank is entitled to require an indemnity bond from the municipality before acting on a "stop payment" order or paying a duplicate cheque.

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jurisdiction consideration principal

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