COURT BOND

Persons or companies who intend to participate in a lawsuit are often called required to post a Court Bond, or specifically: an Appeal Bond, a Custodian Bond and/or a Executor Bond. These bonds are required to the make court whole for its court costs, in the event the principal fails to complete the task that he or she set out to do. In this event, the Surety obligates the “principal” to pay such costs.