injunction bond
- 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
- Before seeking an injunction, the plaintiff had to secure an injunction bond to cover any potential expenses needlessly incurred by the defendant.
- An injunction bond provides assurance that the accused party will be compensated if the injunction was unjustly imposed.
- If an injunction is proven to be wrongful, the party who demanded it must compensate through the injunction bond.
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