BOND FOR TITLE

BOND FOR TITLE

bond for title. Real estate. The seller’s retention of legal title until the buyer pays the purchase price. ¡ª Also termed bond for deed. Cf. contract for deed under CONTRACT. [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.