Examples of Indemnity and Penal Bonds:

appeal bond – a bond that an appellate court may require from an appellant in a civil case to ensure payment of the costs of appeal, as a condition to bringing an appeal or staying execution of the judgment appealed from.  Fed. R. App. P. 7.

attachment bond – a bond a defendant gives to recover attached property; the plaintiff then looks to the bond issuer to satisfy a judgment against the defendant.

bid bond – a type of performance bond filed in public construction projects in order to indemnify the public against the consequences of a bidder’s failure to follow through on the bid.

completion bondsurety bond guaranteeing payment of the cost of completing a construction contract if the contractor fails to complete it in accordance with the terms of the contract.

peace bond – a bond that a court requires as security to be posted by a person who has breached or threatened to commit a breach the peace.

References:

Disclaimer: All material throughout this website is compiled in accordance with Fair Use.

[1]: Black’s Law Dictionary Deluxe Tenth Edition by Henry Campbell Black & Editor in Chief Bryan A. Garner. ISBN: 978-0-314-62130-6

[2]: Ballantine’s Law Dictionary with Pronunciations
Third Edition
 by James A. Ballantine (James Arthur 1871-1949).  Edited by William S. Anderson.  © 1969 by THE LAWYER’S CO-OPERATIVE PUBLISHING COMPANY.  Library of Congress Catalog Card No. 68-30931

[3]: Ballantine’s Law Dictionary Legal Assistant Edition
by Jack Ballantine 
(James Arthur 1871-1949).  Doctored by Jack G. Handler, J.D. © 1994 Delmar by Thomson Learning.  ISBN 0-8273-4874-6.

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