Types of Court Bonds
A general term embracing all bonds and undertakings required of participants in a lawsuit permitting them to pursue certain remedies in the courts.
Appeal Bond – A bond filed with a court by a party against whom a judgment has been rendered, in order to stay execution of the judgment pending appeal to a higher court. The bond guarantees that the judgment will be satisfied if determined to be correct.
Injunction-Plaintiff’s Bond to Secure – An injunction is a judicial process whereby the defendant is required to perform or refrain from performing a particular act. An order granting an injunction may be conditioned upon the plaintiff furnishing a bond to indemnify the defendant against loss in case it finally is decided that the injunction should not have been granted.
Injunction-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 is conditioned to pay damages the plaintiff may sustain as a result of the performance of the act or acts originally forbidden or ordered by the court if it is decided the injunction was proper. The defendant then may proceed as if the injunction never had been issued.
Replevin-Plaintiff’s Bond to Secure – Replevin is an action to recover possession of specific articles of 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 damages adjudged to the defendant.
Replevin-Defendant’s Bond to Recover Property Replevied – 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 the property to the plaintiff if ordered to do so, or otherwise to comply with a court order or judgment.
Supersedeas Bond – A bond to supersede or take the place of a judgment. (See also Appeal Bond.)
A bond required of administrators, executors, guardians, committees, etc. guaranteeing faithful performance of duty in accordance with the laws applicable to the position. (See also Probate Bond.)
A bond, customarily filed in a probate court, that guarantees an honest accounting and faithful performance of duties by administrators, trustees, guardians, executors, and other fiduciaries. (See also Fiduciary Bond.)
Decedent’s Estate - The property that a person (decedent) possesses at the time of his or her death.
Administrator - The person appointed by the court to be responsible for the administration of the estate of a decedent who died without a will.
Executor - The person appointed by the court to be responsible for the administration of the estate of a decedent who died with a will
1. A Minor (child) under the age of 18 is “incompetent” based on age.
2. Incompetency can also be based on a person’s mental ability to take care of themselves and their property.
Conservator - A person appointed by the Court to take care of the assets of a person who is incompetent.
Guarantees to the state and the public, compliance with the law and possible damages for improper acts.
A bond given by the owner of a valuable security (stock, bond, promissory note, certified check, etc.) alleged to have been lost, stolen or destroyed. The bond protects the issuer of the security against loss which may result from the issuance of a duplicate security or, in some instances, payment of the cash value of the security.
A public official bond is issued to guarantee the performance of a public official, who may be responsible for overseeing bank accounts and public funds or collecting fees. Public officials can also be held accountable for the performance and errors that result in the loss of funds by their staff. To apply, please forward the original (signed and witnessed) application. After review, additional information may be required.