judicial bond

judicial bond definition - business

judicial bond

A bond filed with the court as a guarantee. For example, a party to a court action may post a judicial bond to guarantee payment of a verdict while an appeal is being considered. Judicial bond is a broad category that includes a variety of specialized bonds such as a fiduciary bond, a removal bond, and an appeal bond.

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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