Supersidious Bond

[Redbull]

What exactly is a supersidious bond?

[marietta68]

Originally Posted by Redbull

What exactly is a supersidious bond?

Supersedeas bonds are also frequently called appeal bonds; language depends upon underlying statutes. The bond guarantees payment of the judgment being appealed by the loser as well as other costs associated with the process of doing so. Bond amount required is almost always more than the actual judgment although several states are considering legislation that would cap the amount required for super-sized awards. It's a pure financial guarantee and will require full collateral unless the applicant is financially very strong. However, in that case, be aware that collateral can frequently (but not always) be given directly to the Court.

[Admin]

Excellent reply Marietta! What is your surety background?

[marietta68]

Originally Posted by Admin

Excellent reply Marietta! What is your surety background?

Sorry, I didn't realize until too late that yours is actually a commercial site (I'd searched for "forums" on my yahoo business page)! Didn't mean to invade your territory. I've been either a bond agent or a bond underwriter for 20+ years, and married to an underwriter even before that. Focus has primarily been on the commercial side of the house, and I'm currently an underwriter with a top ten company. I'll stop posting but will continue to watch and read and be amazed at the amazing situations that arise - your forum is a good service to shed light in the darkness!

[Admin]

Marietta, please continue to post. These forums are paid for by our commercial website, but we keep them open and free for all to use.

Our goal is to provide free surety information to the public. As you know there is often a lot of confusion and misinformation when it comes to suretyship. Outside contributors, such as your self help bring additional experience and unbiased opinions to our community.

Feel free to browse, comment, or start your own thread topic!