Definition of "Appeal bond"
Jeff Woda, Real Estate Agent
Coldwell Banker Residential Brokerage - Ridgefield
Guarantee of payment of the original judgment of a court. When a judgment is appealed, a bond is usually required to guarantee that if the appeal is unsuccessful, funds would be available to pay the original judgment as well as costs of the appeal. This serves to discourage an individual from appealing merely to stall for time or for frivolous reasons.
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