appeal bond definition

appeal bond

Guaranty of payment of damages (plus estimated cost of appeal) assessed by an appellate court. Posted by a losing party (who is appealing a lower court's judgment), it is cashed if the appeal is unsuccessful. An appeal bond serves to discourage frivolous appeals that waste the courts' time (see abuse of process).

appeal bond is in the Corporate, Commercial, & General Law subject.

appeal bond appears in the definitions of the following terms: appeal and bond

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