Resignation Bond
The Cyclopedic Law Dictionary · Walter A. Shumaker and George Foster Longsdorf; ed. James C. Cahill · 1922
The Cyclopedic Law Dictionary
In ecclesiastical law
A bond given by an incumbent to resign on a certain contingency. It may be conditioned to resign for good and sufficient reason, and therefore lawful; e. g., to resign if he take a second benefice, or on request, if patron present his son or kinsman when of age to take the living, etc.
Cro. Jac. 249, 274.
But equity will generally relieve the incumbent.
1 Rolle, Abr. 443.
RESIGNATION EST JURIS PROPRII spontanea refutatio. Resignation is the spontaneous relinquishment of one's own right.
Godb. 284.