injunction bond

Definition of "injunction bond"
  1. A financial guarantee given by the party requesting an injunction, intended to cover any associated costs and damages should it be determined that the enjoined party was unjustly restrained
How to use "injunction bond" in a sentence
  1. Before seeking an injunction, the plaintiff had to secure an injunction bond to cover any potential expenses needlessly incurred by the defendant.
  2. An injunction bond provides assurance that the accused party will be compensated if the injunction was unjustly imposed.
  3. If an injunction is proven to be wrongful, the party who demanded it must compensate through the injunction bond.

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