bond for land

bond for land

A bond given by the seller of land to a buyer, binding the seller to convey once the buyer tenders the agreed price.

¡ª Also termed bond for a deed. Cf. BINDER(1). [Cases: Vendor and Purchaser 27. C.J.S. Vendor and Purchaser ¡ì 22.]


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Carl, Chinese legal translator, specializes in translating legal documents pertaining to complex business disputes.