View source for Breach of bond (finance)

{{Term
|HasUserLanguage=eng
|HasAuthor=Quisadmi
|HasTermDate=2021/7/14
|HasSourceLanguage=ame
|HasTranslationsLanguage=<span class="NL">nld</span>
|TranslationINnld=niet-nakoming van de obligatieverplichtingen
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|HasSynonyms=breach of bonds, breach of a bond, breach of the bonds
|HasComment=== Remark(s) ==

* The use of this term in a finance context is very rare.

== Example(s) ==

* The court was specifically referring to the potential for bad faith claims against a surety, not making a generally statement as to the rights of principals to sue sureties for ''breach of bonds''. ''Source'': [https://ecf.ctd.uscourts.gov U.S. District Court for the District of Connecticut]
* Defendant cites no cases in which a court allowed a principal to sue its surety for money damages for ''breach of a bond''. ''Source'': [https://ecf.ctd.uscourts.gov U.S. District Court for the District of Connecticut]


|TermStatus=Supervisor
}}