Supersedeas bond

Supersedeas bond,

Definition of Supersedeas bond:

  1. A secured bond to gain suspension of a judgement and postponement of its execution.

  2. Security posted by the appealing party (who has lost a lawsuit in a lower court) to compensate the opposing party for the legal expenses in case it wins also in the higher (appellate) court.

Meaning of Supersedeas bond & Supersedeas bond Definition