TERMIUM Plus®

The Government of Canada’s terminology and linguistic data bank.

FORFEITURE BOND [1 record]

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Alphabetical list of terms

Record 1 1994-04-25

English

Subject field(s)
  • Insurance Law
  • Law of Security
  • Insurance
  • Fire, Accidents, Miscellaneous Risks (Insur.)
CONT

A point to be borne in mind in connection with License and Permit bonds are that some of them are known as "Forfeiture" bonds, meaning that the full amount of the bond is payable if the Principal has not fulfilled his obligation even though the actual loss caused may be less than the bond amount.

French

Domaine(s)
  • Droit des assurances
  • Droit des sûretés
  • Assurances
  • Incendies, accidents et risques divers (Assur.)

Spanish

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TERMIUM Plus®, the Government of Canada's terminology and linguistic data bank
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