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Appeal Bond

   Also found in: Legal 0.01 sec.
Appeal Bond
In an appeal, a bond that guarantees payment of the original judgment. For example, if Joe sues Bob for $1 million and Joe wins, Bob may appeal to a higher court to reverse the ruling. However, the higher court may require Bob to post an appeal bond of $1 million plus the cost of the appeal just in case he loses the appeal as well. This assures Joe will be paid (assuming he also wins the appeal) and discourages frivolous appeals.


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If a final judgment remains unpaid for 30 days, the judgment creditor would have a choice of collecting on the appeal bond posted in their case, or having the stay against the appellant lifted.
If there are no bail bonding processes, then the courts quickly clog up and there is no space to hold all of the defendants who await trial under court or appeal bonds.
Stratagene noted that the posting of this appeal bond and one for its appeal against a judgment in favor of Third Wave Technologies (see IBO 5/31/06) "will have a significant impact on the cash resources of the Company.
 
 
 
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