A personal recognizance bond is an obligation freely entered into before a common law court to take up and execute some duty, according to Dictionary.com. This specified act is often simply to return to the court at the appointed time to face charges and is essentially a promise that the defendant has to make in lieu of posting large sums of cash as a bond.Know More
Personal recognizance is a common legal concept in the United States, United Kingdom, Hong Kong and Canada, according to Wikipedia. It always takes the form of the person before the court recognizing a debt to the state and agreeing to behave in a specified way in order to repay that debt.
Wikipedia states recognizances are most often encountered regarding bail in criminal cases when the defendant agrees to return to court for trial on a particular day in order to avoid further imprisonment pending trial. Another common recognizance is to keep the peace, in which the defendant acknowledges a criminal debt to the state, usually for a minor infraction, and the court discharges that debt on the condition that the defendant simply abstain from violating the law going forward.
Defendants released under such circumstances are said to be released "on their own recognizance." Sometimes, the term is abbreviated RoR, for "released on recognizance." More commonly in the United States, the term will be further abbreviated to "OR."Learn more about Investing
You can find a bond CUSIP through a service that accesses the CUSIP database. Some examples of companies providing these services online are Fidelity Investments, Standard and Poor’s and Sallie Mae, notes About.com.Full Answer >
To use a U.S. savings bond calculator, enter the information from the face of the bond into the calculator, and click on Calculate. The calculator displays the current value of the bonds, explains TreasuryDirect.Full Answer >
Investors can find out historical bond prices with a CUSIP number on Finra.org, notes the Financial Industry Regulatory Authority. On the website, select the Tools and Calculators option, and then select FINRA Market Data. In the Quick Search section, enter the CUSIP number and click Search.Full Answer >
A bid bond is a debt that a bidder takes on in the case of a construction job or other bid-based job to reassure the project owner that the bidder will indeed perform the job, if selected. This assures the owner that the bidder has financial means.Full Answer >