A stay of execution is a court order that temporarily suspends the execution of a court judgement. The word "execution" does not necessarily mean the death penalty. It could just mean a court order.
A stay of execution can be granted automatically by the law or conventionally by choice.
Stays are useful in cases where a defendant wishes to seek further leagal actions, such as an appeal. Using a stay of execution, a defendant is able to put off paying the judgement until the appeal is over.
To ensure the defendant will follow through with paying the judgement, the court might require the defendant to secure a Stay of Execution Bond before the stay is issued.
What is a Stay of Excecution Bond?
A Stay of Execution Bond is a type of surety bond that a court might require before a stay of execution is granted.