The Ultimate Legal Dictionary
PracticePanther compiled a list of the legal terms and definitions every
attorney, paralegal, and law student needs to know when running a law firm.
Peace Bond
DEFINITION
A peace bond is money that a party pays to the court to guarantee the safety of an individual party. If the matter is resolved and the party has not been harmed the money is returned. However, if the protected party is bothered or injured, the bond is forfeited to the injured party or, in the event of his death, to his or her survivors.
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