counterbond

counterbond

(ˈkaʊntəˌbɒnd)
n
a bond that protects a person who has entered into a bond for another person
References in periodicals archive ?
But the court said it is only mindful of Estradas right to due process so he could file a counterbond or a motion to quash the writ.
As movant has not filed a counterbond and as his arguments herein are unmeritorious, there is therefore no compelling reason to lift the attachment while the main case is pending," the court said.
5 million, an officer is directed to seize such property, after which time the Company has 72 hours to post a counterbond in the same amount.