Estreature is the action and change of status involved in converting a
surety bond
In finance, a surety , surety bond or guaranty involves a promise by one party to assume responsibility for the debt obligation of a borrower if that borrower defaults. Usually, a surety bond or surety is a promise by a surety or guarantor to pay ...
asset forfeiture into a
civil action.
See also
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Estreat Estreat (French language, French , Latin language, Latin ) means, originally, a true copy or duplicate of some original writing or record; since the 1900s used only with reference to the enforcement of a forfeited recognizance. At one time it was th ...
References
External links
Bond Estreature Law and Legal Definition
Sureties
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