BOND FOR TITLE

bond for title.Real estate. The seller’s retention of legal title until the buyer pays the purchase price. — Also termed bond for deed. Cf. contract for deed under CONTRACT. [Cases: Vendor and Purchaser  27. C.J.S. Vendor and Purchaser § 22.][Blacks Law 8th]

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BONDED

bonded,adj. (Of a person or entity) acting under, or placed under, a bond <a bonded court official>.[Blacks Law 8th]

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