An instrument under seal, whereby one person become bound to another for the payment of a sum of money, or for the performance of any other act or thing. The person thus bond is called the obligor, and he to whom the bond is given the obligee. And this obligation may be either by or to one of several persons. If a bond be merely for the payment of money, of for the performance of some particular act, without any condition in or annexed to it, the bond is said to be single. But there is in general a condition added to the bond in the nature of a defeasance, stipulating that if the obligor duly performs the act specified, the obligation shall be void, otherwise that it shall remain in full force; this is called conditional bond.
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