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Simple English definitions for legal terms
supersedeas bond
Read a random definition: funded
A quick definition of supersedeas bond:
A supersedeas bond is a type of legal bond that is used to temporarily stop or delay a court order or judgment from being enforced. It is often used by a defendant who wants to appeal a decision but does not want to immediately comply with the court's ruling. The bond acts as a guarantee that the defendant will pay the amount owed if the appeal is unsuccessful. If the defendant wins the appeal, the bond is returned.
A more thorough explanation:
A supersedeas bond is a type of bond used in legal proceedings to stay or delay the enforcement of a judgment or order. It is also known as a stay bond or an appeal bond.
For example, if a court orders a defendant to pay a certain amount of money to a plaintiff, the defendant may file a supersedeas bond to delay the payment until the appeal process is completed. The bond guarantees that the defendant will pay the judgment if the appeal is unsuccessful.
Another example is when a party seeks to stay the enforcement of an injunction. The party may file a supersedeas bond to prevent the injunction from taking effect until the appeal is resolved.
Overall, a supersedeas bond is a way for a party to delay the enforcement of a judgment or order while the appeal process is ongoing.