A personal recognizance bond is an obligation freely entered into before a common law court to take up and execute some duty, according to Dictionary.com. This specified act is often simply to return to the court at the appointed time to face charges and is essentially a promise that the defendant has to make in lieu of posting large sums of cash as a bond.Know More
Personal recognizance is a common legal concept in the United States, United Kingdom, Hong Kong and Canada, according to Wikipedia. It always takes the form of the person before the court recognizing a debt to the state and agreeing to behave in a specified way in order to repay that debt.
Wikipedia states recognizances are most often encountered regarding bail in criminal cases when the defendant agrees to return to court for trial on a particular day in order to avoid further imprisonment pending trial. Another common recognizance is to keep the peace, in which the defendant acknowledges a criminal debt to the state, usually for a minor infraction, and the court discharges that debt on the condition that the defendant simply abstain from violating the law going forward.
Defendants released under such circumstances are said to be released "on their own recognizance." Sometimes, the term is abbreviated RoR, for "released on recognizance." More commonly in the United States, the term will be further abbreviated to "OR."Learn more about Investing
To use a U.S. savings bond calculator, enter the information from the face of the bond into the calculator, and click on Calculate. The calculator displays the current value of the bonds, explains TreasuryDirect.Full Answer >
The annual interest rate on a United States treasury bond fluctuates and depends on the time length of the bond. As of October 2015, treasury bonds lasting less than one year have rates of zero or slightly above zero, whereas 30-year bonds have rates fluctuating between 2.80 and 3.00 percent.Full Answer >
A call option provides an investor with the right to purchase an asset such as a stock, commodity or bond at a specified time during a specified time period, explains Investopedia, whereas a put option provides an investor with the right to sell a specific amount of bonds, stocks or commodities at a specified price during a specified time period. Call options do not require investors to buy the underlying assets at a specified price.Full Answer >
The serial number on a paper savings bond appears in the lower right corner, according to LearnBonds. The Treasury Department requires the serial number when converting paper bonds to electronic ones. The maturity dates of these bonds vary by issue date.Full Answer >