Appeal Bond


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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.
References in periodicals archive ?
2004), the Sixth Circuit Court of Appeals endorsed the trial court's imposition of a $50,000 appeal bond, and held that in deciding whether to include attorneys' fees as part of an appeal bond, a court must look to the underlying statute to determine whether attorneys' fees are defined as "costs" and require those fees in advance.
Defendants can provide several alternative forms of security in lieu of an appeal bond.
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.
Philip Morris contended that the original $12 billion appeal bond could force the company into bankruptcy and jeopardize payments under the MSA.
Limiting the maximum amount for a defendant's appeal bond to $25 million.
After that, the plaintiffs could go after Simpson's assets unless the former NFL great declares bankruptcy or posts an appeal bond valued at 150 percent of the combined $33.
When Anding began writing in 1986, he was free on an appeal bond after a 1984 conviction for deviate sexual assault.
The defendant is exempted from posting an appeal bond or paying a writ tax in pursuing his appeal in the Circuit Court.
The purpose of an appeal bond is to stay execution of a money judgment.
When he decided to reduce the bond, he agreed Philip Morris should pay an initial $6 billion on the appeal bond, an additional $800 million in 2004 and $420 million for each year the appeal takes.
While still on an appeal bond in that case, Anding was arrested and convicted of kidnapping and unlawful restraint of a juvenile.