Forthcoming Bond Law and Legal Definition
Forthcoming bond is a guaranteeing that something will be produced or forthcoming at a particular time or when called for. It also refers to a bond which is usually given to a sheriff for permitting a person to retake possession of attached property in exchange for that person's commitment to surrender the property in the event of an adverse judgment. Forthcoming bonds are also called delivery bonds.
The following is an example of a State Statute (Florida) on forthcoming bonds:
According to Fla. Stat. § 56.12,if a defendant in execution wants to retake possession of any property levied on, he or she may do so by executing a bond with surety to be approved by the officer in favor of the plaintiff in a sum double the value of the property retaken as fixed by the officer holding the execution and conditioned that the property will be forthcoming on the day of sale stated in the bond.
