Spanish translation: garantía de costos / costas judiciales
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English to Spanish translations [PRO] Law/Patents - Law (general)
English term or phrase:Security for costs
As in "they will agree to release the actual security for costs in the sum of xxx"
I found this definition: Security for costs is a common law legal concept of application only in costs jurisdictions, and is an order sought from a court in litigation.
The general rule in costs jurisdiction is that "costs follow the event". In other words, the loser in legal proceedings must pay the legal costs of the successful party. Where a defendant has a reasonable apprehension that its legal costs will not be paid for by the plaintiff if the defendant is successful, the defendant can apply to the court for an order that the plaintiff provide security for costs.