submission bond
A bond given by a litigant who agrees to submit a lawsuit to arbitration and to be bound by an arbitrator’s award. [Cases: Arbitration 14. C.J.S. Arbitration § 184.]
A bond given by a litigant who agrees to submit a lawsuit to arbitration and to be bound by an arbitrator’s award. [Cases: Arbitration 14. C.J.S. Arbitration § 184.]