COURT BONDSA court bond is a general term embracing all bonds and undertakings required of participants in a lawsuit permitting them to pursue certain remedies in the courts. A court bond is a guarantee required by statute or court order. The most common court bonds are:
All court bonds can be approved by fax and mail as well as in person
Note: Please fill in the application completely including the correct section 1 through 7 and sign as indicated. Please provide personal financial information on the application and business financials if they apply. Business financials must be professionally provided most recent year-end. Please include a copy of all court documents surrounding the case. Our underwriting department will contact you within 48 hours.
Appeal Bond – One filed in court by a party against whom a judgement has been rendered, in order to stay execution of the judgement pending appeal to a higher court, in hope of reversing the judgement. The bond guarantees that the judgement will be paid if the appeal fails.
Conservator Bond – A person, official, or institution designated to take over and protect the interests of an incompetent.
Executor Bond – One named in a will to distribute and settle the estate of the testator.
Injunction Bond (Plaintiff’s Bond to Secure) – An injunction is a judicial process whereby the defendant is required to do or refrain from performing a particular act. An order granting an injunction may be on the condition that the plaintiff furnishes a bond to indemnify the defendant against loss in case it is decided that the injunction should not have been granted.
Injunction Bond (Defendant’s Bond to Dissolve) – When an injunction has been issued, the court may order the injunction dissolved upon the giving of a bond. The bond guarantees payment the plaintiff may sustain as a result of the performance of the act or acts originally enjoined. If is then the privilege of the defendant to proceed as if the injunction had never been issued.
Probate Bond – One that guarantees an honest accounting and faithful performance of duties by administrators, trustees, guardians, executors, and other fiduciaries. So called because such bonds are customarily filed in a probate court.
Relevin Bond (Plaintiff’s Bond to Secure) – Replevin is an action to recover possession of specific articles or personal property. The replevin bond, which the plaintiff is required to furnish, is conditioned for the return of the property, if return is ordered, and for the payment of all costs and dames adjudged to the defendant.
Replevin Bond (Defendant’s Bond to Recover Property) – Where personal property has been replevied, the defendant may, by the furnishing of a bond, regain possession of the property, pending final decision on the merits. The bond is conditioned for redelivery of property to the plaintiff, if ordered to do so or otherwise to comply with a court order or judgement.
Supersedeas Bond – This is a bond to supersede or take the place of a judgement, and coverage is substantially the same as under a defendant’s appeal bond.