Admiralty Bond

C1 16+

Pronunciation: /ˈædmərəlti bɒnd/

Definitions of admiralty bond

noun A legal document that guarantees payment to the court if the terms of the bond are not met.

Example Sentences

A1 An admiralty bond is a legal document that guarantees payment for damages caused by a ship.

A2 The shipping company had to provide an admiralty bond before their vessel could dock at the port.

B1 The court required the owner of the ship to post an admiralty bond to cover any potential liabilities.

B2 The insurance company issued an admiralty bond to protect the cargo in case of any maritime accidents.

C1 The lawyer specialized in maritime law and was well-versed in handling admiralty bond cases.

C2 The judge carefully reviewed the terms of the admiralty bond before ruling on the maritime dispute.

Examples of admiralty bond in a Sentence

formal The ship owner was required to post an admiralty bond before being allowed to dock in the port.

informal I heard the company had to put up some kind of admiralty bond to secure their ship.

slang Yo, did you see that dude trying to get out of paying his admiralty bond? Not cool.

figurative In a way, the insurance policy acted as an admiralty bond for the company's financial stability.

Grammatical Forms of admiralty bond

plural

admiralty bonds

comparative

more admiralty bond

superlative

most admiralty bond

present tense

admiralty bond

future tense

will admiralty bond

perfect tense

has admiralty bond

continuous tense

is admiralty bonding

singular

admiralty bond

positive degree

admiralty bond

infinitive

to admiralty bond

gerund

admiralty bonding

participle

admiralty bonded

Origin and Evolution of admiralty bond

First Known Use: 1250 year
Language of Origin: English
Story behind the word: The term 'admiralty bond' originated in England during the medieval period.
Evolution of the word: Originally used in the context of maritime law to ensure payment or performance of obligations related to ships and cargo, the term 'admiralty bond' has evolved to encompass a broader range of legal and financial guarantees in modern times.