court bond

insurance

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Last updated

June 25, 2026

Quick Summary

A court bond is a type of surety bond required in legal proceedings. It serves as a formal written agreement where a person or entity guarantees the fulfillment of specific obligations to the court. This could involve ensuring a litigant pays court costs or meets other legal duties.12

The bond acts as an incentive for the obligated party to perform as required and provides assurance that compensation is available if they fail to do so. A surety, typically an insurance company, is usually involved and becomes responsible for the consequences if the obligated person's behavior leads to a breach of the bond's terms. A statutory bond is a synonym for a court bond.23

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Major types of surety bonds
Court bonds include several different types of surety bonds. Fiduciary bonds are required for court-appointed officials entrusted with managing the property of others; executors of estates and receivers in bankruptcy are frequently required to post fiduciary bonds.
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Court bonds include several different types of surety bonds. Fiduciary bonds are required for court-appointed officials entrusted with managing the property of others; executors of estates and receivers in bankruptcy are frequently required to post fiduciary bonds.
Read More