Bond Definition In Law In Kings
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A bond's credit quality is usually determined by independent bond rating agencies, such as Moody's Investors Service, Inc., and Standard & Poor's Corporation (S&P). These agencies classify bonds into 2 basic categories—investment-grade and below-investment-grade—and provide detailed ratings within each.
There are three requirements for obtaining a Judicial Court Bond: Submit an application and signed indemnity agreement supplied by the surety broker/agent; Provide a copy of the court papers for the applicable action being filed; and. Provide collateral, usually in the form of an Irrevocable Letter of Credit.
To get a bondability statement or letter of bonding capacity you'll need to talk with your surety agent and have it provided with the surety's approval.
What One Should Learn from This Article: Bail is set by the severity of the crimes or crimes charged, as well as one's criminal history. It can be increased on decreased by a judge upon a more individualized evaluation of the person's likelihood of returning to court and public safety danger.
Bond File means, with respect to any Purchased Asset that is an Bond: (A) a copy of the executed Governing Agreements governing such Bond and/or any supplements thereto, and the offering documents related to such Bond, each certified by the related Seller or the Bond Custodian as a true, correct and complete copy of ...
A motion off bond is a legal process where either the defendant or prosecution in a case can petition the court to modify or rescind the defendant's bail conditions. This can come with either positive or negative consequences for the defendant, depending on the nature of the changes.
