security for costs
- A type of guarantee occasionally requested of a party involved in a legal dispute to ensure the coverage of trial costs
- The defendant asked for a security for costs to ensure they are not left with the lawsuit expenses if they win the case.
- A security for costs can act as a safeguard for parties who fear financial loss due to litigation.
- Before proceeding with the trial, the judge needs to ascertain if the plaintiff can provide a security for costs.