attachment bond

Definition of "attachment bond"
  1. It's a surety provided by the party who wishes to seize the other party's assets. This bond promises compensation to the party whose assets are seized if the seizing party fails in their lawsuit
How to use "attachment bond" in a sentence
  1. The plaintiff had to obtain an attachment bond before he could secure the defendant's property.
  2. The court asked for an attachment bond to safeguard the defendant's interests.
  3. An attachment bond is necessary to ensure fair compensation if the lawsuit does not rule in favor of seizing party.

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