2
Law::
• recognizance ( : 1 a (1) an obligation of record entered into before a court of record or before a magistrate duly authorized that makes the performance of some act (as appearing in court, keeping the peace, paying a debt) the condition of non-forfeiture and that is witnessed by the record only (2) : the sum liable to forfeiture upon such an obligation b : a simple personal obligation or undertaking entered into before a magistrate and having no money penalty attached ) • bond ( : a writing under seal by which a person binds himself to pay a certain sum on or before an appointed day and usu. Containing a condition that if the obligator shall do or abstain from doing certain act on or before a time specified the obligation shall be void but otherwise shall remain in force; also : the amount of money so guaranteed – often used with give ) • warranty ( : a promise that a proposition of fact is true. An assurance by one party to agreement of existence of fact upon which other party may rely. It is intended precisely to relieve promisee for any loss if the fact warranted proves untrue.) • assumption ( : the fact or agreement assuming or taking upon one’s self. The undertaking or adoption of a debt or obligation primarily resting upon another, as where the purchaser of real estate “assumes” a mortgage resting upon it, in which case he adopts the mortgage debt as his own and becomes personally liable for its payment. The difference between the purchaser of land assuming a mortgage on it and simply buying subject to the mortgage, is that in the former case he makes himself personally liable for the payment of the mortgage debt, while in the latter case he does not) • being bound over • parole ( : the world of honor : plighted faith; esp : the promise of a prisoner of war upon his faith and honor to fulfill stated conditions (as to return to custody or not to bear arms against his captors) in consideration of special privileges, usu. release from captivity ) • undertaking ( : a promise, engagement, or stipulation. An engagement by one of the parties to a contract to the other, as distinguished from the mutual engagement of the parties to each other. It does not necessarily imply a consideration. In a somewhat spcial sense, a promise given in the course of legal proceedings by a party or his counsel, generally as a condition to obtaining some concession from the court of the opposite party. A promise or security in any form)
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