Court Bonds
Cost bond/Appeal bond: When a party appeals a ruling of the court, this bond guarantee the costs incurred in hearing the appeal. Non residents of a state appealing a ruling are typically required to file this type of bond as well. These are usually small bonds.
Certiorari: A writ that an appellant court issues a lower court or administrative hearing to review its judgment for legal error.
Attachment bond: This bond is typically about property that is in dispute. The property is taken into custody or sealed by the court, while the trial is held. The bond is a form of guarantee by the plaintiff that damages caused to the defendant will be paid if the attachment is found to be wrongful.
Release of Attachment Bond: If property is attached the defendant can have the property returned to them by posting this type of bond. The bond is used as a form of security for the plaintiffs claim while the trial is heard.
Injunction bond: An injunction is an order from the court that requires a party or individual to refrain from doing a particular act or to do a particular act. The bond guarantees that the other party will be paid damages as a result of the injunction being improper.
Restraining Order bond: A short term/predecessor to the junction bond.
Supersedeas: In order to stop a judgment creditor from collecting, a party can file an appeal to stay the judgment while the appeal is pending. In order to stay that judgment the appellant would file a supersedeas bond which guarantees the judgment will be paid if the appeal is unsuccessful.
Replevin: This bond is used when a plaintiff contends that property in the possession of the defendant is owned by the plaintiff. The bond guarantees that the plaintiff will return the property to the defendant if the court determines the defendant is entitled to the property.
Third Party Claimant’s Bond: This bond is used when a party that was not originally involved in an action intervenes in order to attain possession of property that was the subject to the original action. The third party is usually a secured lender who is interceding to protect their security interest in the property from being sold off to pay the debt of the borrower.
Mechanics Lien: To release a lien filled against real property an contractor attaches payment for services.
Sheriff’s Indemnity:
Financial Guarantee Bonds: A bond to stay enforcement of a judgment, or guarantee the action of a contract, order or agreement.
This is just a general list and is not all inclusive of the types of
bonds/insurance PJT provides.