Judicial Bonds: Appeal Bonds
Appeal Bonds – typically required in a court of law when a defendant wants to appeal a ruling to a higher court while delaying the payment of a judgement. They are to hold the defendant liable for court costs should their appeal be unsuccessful. If the higher court upholds the lower court’s decision, the Appeal Bond guarantees the defendant will pay the judgment, interest, court costs and attorney fees.
You will not have to pay the entire bond amount to get bonded. Typically collateral will be required to secure the obligation.