Peace Bond Legal Meaning and Definition

Here is a simplified definition of the legal term Peace Bond.

Peace Bond (noun)

A peace bond is a court-issued legal agreement where an individual is required to deposit a specified amount of money as a guarantee that they will not harass, threaten or disrupt another individual's peace. If the conditions of this agreement are broken, the deposited money is forfeited and the individual who broke the agreement may be subject to arrest.