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Warrant Of Seizure Bond

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Warrant or Seizure Bonds are issued on behalf of the Plaintiff who is seeking to attach a piece of property held by the Defendant to secure payment of a debt. The property does not belong to the Plaintiff. It generally provides for indemnity to the defendant against loss or damage in case it is finally decided that a statutory ground did not in fact exist or the plaintiff fails to recover a judgment against the defendant.

 

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