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recognizance

DEFINITIONS OF: recognizance

1

n (law) a security entered into before a court with a condition to perform some act required by law; on failure to perform that act a sum is forfeited

Synonyms:
recognisance
Types:
bail, bail bond, bond
(criminal law) money that must be forfeited by the bondsman if an accused person fails to appear in court for trial
Type of:
security, surety
property that your creditor can claim in case you default on your obligation
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