Different types of Bond

[Isaiah]

I am preparing noted upon various types of Bonds. Can anybody here explain the various types of bonds like Receiver Bond, Refunding Bonds, Replevin Bond, Sequestration Bond and Supersedeas Bond? Thanking you,

[garretallan]

• Receiver Bond – Receiver bond guarantees that the property or funds held by the receiver are managed according to the order ethically and appropriately, with care and honesty. It is used in cases where the court orders specific property or funds to be received by a receiver.

• Refunding Bond - Refunding Bond is used as a guarantee that money will be returned if the court orders it, or it is otherwise ordered or legally required. This bond is usually in the amount of money in question, to ensure that the money will be returned or the cost will come out of this bond type.

• Replevin Bond- A replevin bond is required as a guarantee to the court and the parties in cases where specific personal property is being sought. This bond is used when the plaintiff is claiming that property is being retained wrongfully by the defendant. This bond is used to guarantee the amount of costs and damages due the defendant if the plaintiff is found to be wrong and not entitled to the property.

• Sequestration Bond - A writ of sequestration orders the seizure of real and personal property before all of the facts in the case can be heard by the court. A bond is usually required in an amount that is sufficient to cover costs and damages to the other party if the court finds that the property should not have been seized in the first place.
• Supersedeas bond - Supersedeas bond is used when the losing party wants to appeal a judgment for money. This bond covers the cost of the money judgment plus the interest accrued if the appeal is unsuccessful. This type of bond is considered very high risk, and full collateral is usually required.

[herman]

A supersedeas bond is a type of surety bond that a court requires from an appellant who wants to delay payment of a judgment until the appeal is over. An appellant's bond is to stay execution on a judgment during the pendency of the appeal.