Bond On Appeal

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What does Bond On Appeal mean in American Law?

The definition of Bond On Appeal in the law of the United States, as defined by the lexicographer Arthur Leff in his legal dictionary is:

A bond executed by an appellant or on his behalf to indemnify parties who might be prejudiced by the delay attendant upon a judicial appeal, especially to assure them that the judgment rendered below, and costs, will be paid. The old term was “bail in error.”