Justice Chambers

THE RADIANT JUSTICE CHAMERS, OBAFEMI AWOLOWO UNIVERSITY BONDS In commercial law, a bond is a written promise to repay money borrowed and to pay interest on it. Bonds may be issued by governments, companies, or large institutions and are traded on financial markets. The term "bond" had its origins in the early days of stock trading when one security was traded for another. For example, the buyer of a bond received interest payments until the bond's maturity date, at which time he would receive his principal back. A bond is a debt instrument used by businesses and governments to borrow money. The issuer of the bond, usually a bank or corporation, borrows money from investors who purchase the bonds. Bonds may be in the form of government bonds, corporate bonds, or asset-backed securities, but they are also used in other situations. In criminal law, an obligation to pay the court if a defendant fails to meet the terms of conditional release from custody i.e Bail b...