What is a bonded deal

The word "bondage" came to the Russian language from Arabic through the Tatars. Its main value was - loan receipt. Kabbalah usurious meant the payment of interest on the use of borrowed money. And usurers are the ancestors of modern banks.

The meaning of bondage

Today the word "bondage" is used in the form of an adjective to the concept of "deal". The meaning of the "bonded deal" is currently somewhat different from what it was in the old days.

Bonded transaction is a transaction concluded on extremely unfavorable conditions for one of the parties. As a rule, it is concluded under any compelling circumstances of the party that remains the loser.

A typical example of a bonded transaction is the sale of an apartment or car at a price lower than the market due to the need to urgently repay the debt. Sometimes, of course, a loan agreement or a pledge receipt in a pawnshop is called a bonded transaction, but in the legal sense, such documents are completely legal, because everywhere they sign an official agreement where they undertake to return the amount with interest.