Security for costs

Security for costs - Where a claimant neither resides nor carries on business in a state that is party to the Brussels Convention, the Comptroller can, in many proceedings, require them to give security for costs, ...

security for costs: An undertaking required by a court to cover the payment of costs if the judgment is against the depositor.

SECURITY FOR COSTS, practice. In some courts there is a rule that when the plaintiff resides abroad he shall give security for costs, and until that has been done, when demanded, he cannot proceed in his action.

Security for costs
Definition
: security sometimes required of a party to litigation in order to assure payment of expenses
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Security for CostsA court order that a party pay money into court to ensure that money will be available to pay for costs ordered by the court, if the party is not successful in pursuing his or her claims.

"A stay may imply that the proceedings are suspended to await some action required to be taken by one of the parties as, for example, when a non-resident has been ordered to give security for costs.

security pl: -ties 1 a : something (as a mortgage or collateral) that is provided to make certain the fulfillment of an obligation [used his property as for a loan] b : surety see also security for costs 2 ...

See also: Security, Costs, Will, State, Time