Security for costs
An order requiring a claimant to pay money into court or give a guarantee to cover the defendant's costs if the claim fails, for example when the claimant lives abroad or is a company that may not be able to pay. Funders and ATE insurers can sometimes provide it.
Frequently asked questions
What is Security for costs?
An order requiring a claimant to pay money into court or give a guarantee to cover the defendant's costs if the claim fails, for example when the claimant lives abroad or is a company that may not be able to pay. Funders and ATE insurers can sometimes provide it.
Where is the term used?
Mainly in England and Wales, Ireland, Australia and other common-law systems.