Court bonds are those bonds prescribed by statute and relate to the courts. They are further broken down into judicial bonds and fiduciary bonds. Judicial bonds arise out of litigation and are posted by parties seeking court remedies or defending against legal actions seeking court remedies. Fiduciary, or probate, bonds are filed in probate courts and courts that exercise equitable jurisdiction; they guarantee that applicants whom such courts have entrusted with the care of others property will perform their specified duties faithfully.
Judicial Bonds: TRO Bond
TRO Bond – a type of injunction bond that protects a defendant against loss in case the court decides that a temporary restraining order was unnecessary or should not have been granted.
