cost bond

Definition of "cost bond"
  1. A type of security provided by a person filing a lawsuit to guarantee the payment of court-related expenses
How to use "cost bond" in a sentence
  1. The court ordered the plaintiff to post a cost bond before proceeding with the litigation.
  2. If the plaintiff fails to pay the court fees, the cost bond will be used to cover those expenses.
  3. Having a cost bond in place helps to ensure that all court costs will be paid regardless of the outcome of the lawsuit.

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