“security for costs”

This page presents an official legal definition of “security for costs” from a government source. Additional definitions will be added as jurisdictions publish them.

Jurisdiction: New Zealand New Zealand

A payment of money to ensure that if a person is unsuccessful, they will be able to pay costs. The security for costs is kept in a trust account until the final outcome of the proceeding.

Source: Glossary of Legal Terms (New Zealand Ministry of Justice)