Court Bond in United States
Practical Information
Note: Some of this information was last updated in 1982
Litigants at law are required many times to file a bond or other security guaranteeing that, if unsuccessful in litigation, they will pay to the other party the monetary damages (in U.S. law) awarded by the court. These bonds are known as court or judiciary bonds. Another class of court bonds is known as probate bonds. They are issued to executors, administrators, and other fiduciaries to guarantee the faithful performance of their legal duties.
What is Court Bond?
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