Bond Details
Cost: Depends on applic...
Appeal Bond | ||
---|---|---|
Cost: | Depends on application | |
State: | Florida | |
Category: | Court & Fiduciary | |
Obligee: | ** Florida ** Generic Obligee | |
Amount: | Varies | |
Duration: | Stated on Bond | |
Expiration: | Stated on Bond |
Florida Appeal Bond An amount of money placed in holding while the appeal is being decided. An appeal bond is supplied by the appellant (plaintiff) who is appealing the court's judgment, and is usually in the amount of the original judgment (though it could be more). Referred to as a safety net bond which helps protect the court from frivolous appeals that cost the court time and money, an appeal is always posted by the losing party in a court case. A losing defendant needs this to secure his right to appeal and stay the judgment. It is required by both federal and state court. The process of appealing involves posting a full judgment in addition to posting interest. An appeal bond should be discussed early in a case, since the cost of this bond can be high and defendants are required to post this bond a few weeks after the judgment.
The State of Florida issues this bond according to Chapter 932, Florida Statutes. The purpose of this bond is to provide security for the payment of costs incurred in connection with the defendant's prosecution.
Features:
• Issued by the State of Florida
• Provides security for payment of costs
• May be used to secure court fines, fees, restitution, and other monetary obligations
Benefits:
• Available for use in all courts within the state of Florida
• Can be used to pay fines, fees, and restitution
• Can be used for bail bonds
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