APPEAL BOND
The amount of money held while the appeal is yet to be decided. The appeal bond is given by an appellant (plaintiff) who is making an appeal to the judgment of the court, and is often in the value of the original judgment (but it could be more). It is regarded to as a form of safety net bond which assists in protecting the court against frivolous appeals that takes the money and court time, an appeal is commonly posted by the losing side in a court case.
In an appeal, the court case is taken into a higher court. The higher court will only go over the objected issues during the initial trial in the lower court, and not on the new evidence. The bond is a requirement under the Federal Rule of Appellate Procedure 7.
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