bond for deed
bond for deed · bonds for deeds
A document given by the owner of real estate to convey the property upon being paid moneyA document given by the owner of real estate to convey the property upon being paid money; an agreement to convey title in the future that, so long as it remains executory, allows title to remain vested in the original owner.
Meaning
1 sensesA document given by the owner of real estate to convey the property upon being paid money; an agreement to convey title in the future that, so long as it remains executory, allows title to remain vested in the original owner.
Origin
From bond + for + deed.From bond + for + deed.
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Forms
plural: bonds for deeds| Singular | bond for deed |
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| Plural | bonds for deeds |
irregular