
A bond that is required by a court when filing an appeal. Also referred to as a Supersedeas Bond, it refers to the cost of legal action between the Appellant (the party appealing a decision or judgment to a higher court) and the Appellee (the party against whom an appeal is taken). Appeal bonds always require 100% collateral no matter how good the financial condition of the applicant. This bond also guarantees that all court costs will be paid by the appealing party. An Appeal Bond usually must be filed with the court within 10 days of judgment.
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