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 ?
He did not file an appeal bond. American Road did not submit written proof of coverage.
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.
An appeal bond (sometimes called a supersedeas bond) is the most common form of security.
Stratagene plans to post an appeal bond, which requires cash to be set aside for the judgment award.
The Appeal Bond Waiver Act would reduce the appeal bond for multimillion- and billion-dollar verdicts against defendants to $1 million, or $100,000 if the defendant is a small business.
Sometimes bankruptcy on the part of the defendant who wants to appeal the case and must post an "appeal bond" before proceeding.
After awarding $10.1 billion to the plaintiffs last March, Judge Byron called for an appeal bond of $12 billion.
Before trying a potentially significant punitive damage claim, steps should also be taken to ensure that an appeal bond would be posted if an adverse verdict were rendered.
appeal bond was lowered, delaying several planned sales of bonds securitized by MSA payments.
* Limiting the maximum amount for a defendant's appeal bond to $25 million.
When Anding began writing in 1986, he was free on an appeal bond after a 1984 conviction for deviate sexual assault.