appeal bond

appeal bond definition - business

appeal bond

In law, the guarantee as to payment of a legal judgment when the judgment is appealed to a higher court. The bond guarantees the original judgment will be paid in the event the appeal is unsuccessful.

The American Heritage® Dictionary of Business Terms Copyright © 2009 by Houghton Mifflin Harcourt Publishing Company. Published by Houghton Mifflin Harcourt Publishing Company. All rights reserved.

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