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18:23 Jun 24, 2013 |
Portuguese to English translations [PRO] Bus/Financial - Insurance | |||||||
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| Selected response from: Marlene Curtis United States Local time: 13:04 | ||||||
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4 | Appeal bond premiums |
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Appeal bond premiums Explanation: The Complete Book of Insurance: Understand the Coverage You Really ... - Page 112 - Google Books Result books.google.com/books?isbn=1572483830 Richard William Zevnik, Richard Wm Zevnik - 2004 - Business & Economics Further, an insurer is required only to pay for the premium for an appeal bond, not to provide the collateral for the 150% to 200% bond amount. If the amount of .. http://books.google.com/books?id=8ABPt29IO0UC&pg=PA112&lpg=P... An appeal bond ensures that the court's original judgment will be paid if an appeal is unsuccessful. The party appealing the court's ruling is required to purchase this type of bond in an effort to discourage frivolous appeals. If these bonds were not required, abusing the appellate system would be much easier. For example, a party might file for an appeal to stall payment if they cannot afford the court ordered sum. http://www.suretybonds.com/appeal-bonds.html |
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