bond for deed

English

noun
Definitions
  • (legal) A 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.

Etymology

Compound from English bond (originally, serf, slave, dweller) + English for (away, up, very, completely, excessively, wrongly, fore-, fully, from, destructively, badly, off, harmfully, mis-, for, amiss)+ English deed.

Origin

English

deed

Gloss

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