How does a bond etf work
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Also known as a supersedeas bond, an appeal bond is usually required by the lower court when a losing defendant decides to request that the case be reviewed by an appeals court. By posting an appeal bond, the defendant guarantees that, should he lose the appeal, the original judgment against him will be paid. The appeal bond can also guarantee payment of additional expenses and interest. The defendant might also have to put up collateral -- or personal property -- for the bond with a surety, or bonding, company. If the defendant doesn't post an appeal bond with the court, the winning plaintiff can seize his property for the judgment within two weeks after the lower court enters its order. The entire amount of the judgment -- or more -- is reflected in the amount of the appeal bond.
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