Appeal Bond
An appeal bond is usually required for the individual filing for the appeal- typically the losing side. This bond is required to guarantee that the original court judgment will be paid for should the appeal fails.
The creation of appeal bonds was meant to discourage unreasonable appeals. In the absence of this type of bond, the judicial system will be misused or overburdened. This bond could work to both parties’ advantage. To a certain extent, the financial cost to obtain an appeal bond shows that the party appealing is serious about the claim. As for the other party involved (one that is not appealing), this bond guarantees that his or her original judgment will be prevailed if the appeal does not go through.