Corporate Bonding [Discussion]

The statement is made that these bonds "are generally required by law in civil proceedings, in case the principal has in his hands money or property which might be levied upon for the satisfaction of a judgment, and which he might misappropriate." The bonds referred to in this description are limited to those given by a defendant, whereas there are many credit guarantees in court proceedings that are executed on behalf of a plaintiff or complainant who is seeking to levy upon the property in the hands of some other party.