Attachment bonds are those required by the court to protect against financial loss caused by court decisions. Two types include:
- A bond given by a plaintiff seeking to attach the defendant’s property (put the defendant’s property in the custody of the court). Should the plaintiff lose the suit, the bond ensures the defendant will receive payment due to damages suffered because of the attachment.
- A bond given by a defendant to have an attachment released. This bond ensures payment of a judgment awarded to the plaintiff