Penal bond
Defined in 2 dictionaries — Ballentine's (1916), Black's (1910)
Ballentine's Law Dictionary
James A. Ballentine · 1916
A bond exacting a penalty and not liquidated damages for its breach. See 82 Me. 516, 17 Am. St. Rep. 500, 9 L. R. A. 113, 20 Atl. 84.
Black's Law Dictionary
Henry Campbell Black, M.A. · 1910
A band promising to pay a named sum of money (the penalty) with a condition underwritten that, if a stipulated collateral thing, other than the payment of money, be done or forborne, as the case may be, the obligation shall be void. Bum-side v. Wand, 170 Mo. 531, 71 S. W. 337, 62 L. R. A. 427.
Defined under Penal in Black's Law Dictionary.