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Legal Definitions - bear
Definition of bear
The word "bear" has several distinct meanings in a legal context, generally referring to the act of carrying a burden, producing a yield, or providing evidence.
- To support or carry a burden, cost, or responsibility.
- Example 1: A construction company might bear the full cost of repairing a defect in a newly built home, even if the defect was caused by a subcontractor.
- Explanation: Here, "bear" means the company is responsible for and will pay for the repair, thereby carrying the financial burden.
- Example 2: In a partnership agreement, each partner might agree to bear an equal share of any business losses.
- Explanation: This illustrates that each partner is obligated to carry or be responsible for a portion of the financial deficit.
- Example 3: A landlord typically bears the responsibility for ensuring the structural integrity and safety of a rental property.
- Explanation: This means the landlord is obligated to carry out the duties associated with maintaining the property's safety.
- Example 1: A construction company might bear the full cost of repairing a defect in a newly built home, even if the defect was caused by a subcontractor.
- To produce or yield something, often financial.
- Example 1: A certificate of deposit (CD) purchased from a bank will bear a specific interest rate over its term.
- Explanation: In this context, "bear" signifies that the CD will generate or produce interest as a return on the investment.
- Example 2: Certain types of corporate bonds are designed to bear a consistent dividend payment to investors each quarter.
- Explanation: This means the bonds will yield or produce regular income for those who own them.
- Example 1: A certificate of deposit (CD) purchased from a bank will bear a specific interest rate over its term.
- To provide or offer evidence or testimony.
- Example 1: A witness in a criminal trial is called upon to bear truthful testimony about what they observed.
- Explanation: Here, "bear" means to present or provide their account of events as evidence in court.
- Example 2: Historical records can bear proof of a property's original boundaries and ownership over centuries.
- Explanation: This indicates that the records serve as evidence or provide confirmation of the property's history.
- Example 1: A witness in a criminal trial is called upon to bear truthful testimony about what they observed.
Simple Definition
In legal contexts, the verb "bear" primarily means to support or carry a burden, such as an obligation, cost, or responsibility. It can also refer to producing a yield, like an investment bearing interest, or to giving testimony, as in bearing witness.
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