What is a court bond?

A court bond is specifically designed to be required by courts for parties involved in litigation. This type of bond may serve several purposes, such as ensuring that a party will comply with a court ruling or keep the opposing party financially protected during legal proceedings. It demonstrates the party's commitment to fulfilling their obligations in the legal process, thereby protecting the interests of the court and the parties involved.

On the other hand, bonds related to contractors completing public work fall under a different category, typically known as performance bonds, which guarantee that the contractor will complete the project according to the contract. A financial agreement between two private parties does not involve the court directly and is usually governed by contract law, rather than the legal requirements associated with court bonds. Lastly, while a bond to ensure payment for legal services may exist, it is not classified as a court bond and is distinct from the bonds required specifically for court cases. Thus, the definition aligns perfectly with option A, confirming it as the correct choice.