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What Is an Appeal Bond?

An appeal is a process that involves contesting a judgment that has been handed down during a court hearing. It is typical for an appeal to be sought at a higher level of court since the judgment to be contested is usually final. Before a person can instigate an appeal, it is necessary for that person to post a bond. This bond is referred to as an appeal bond.

The purpose of an appeal bond is to reduce the risk of abuse of process. For example, if no appeal bond existed, then litigants would continuously be filing for appeal until they get the resolution they want. However, the existence of an appeal bond can prevent this from occurring, and appeals of real merit would be the only type of appeals that persisted in court.

Appeal bonds may vary from jurisdiction to jurisdiction, but such bonds usually require a specified amount of money that can pay the initial settlement in the event that the appeal is unsuccessful and the final judgment still holds.

It is most common for an appeal to occur during civil cases wherein a plaintiff is awarded damages to be provided for by the defendant. The defendant can either accept the amount and the judgment or contest either or both in an appeal. When the defendant chooses to appeal, he or she must post the appeal bond in order to prepare for the event that he or she must actually pay the damages stipulated by the initial judgment.

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