Which type of surety bond can be used to freeze a party's assets during a civil suit?

A litigation bond, often referred to as a "litigation surety bond," is specifically designed for situations involving civil suits where one party seeks to ensure that another will be able to cover potential judgments against them. This type of bond effectively allows a creditor to freeze a party's assets during the legal proceedings, helping to ensure that if a judgment is awarded, there will be sufficient funds available for collection.

In contrast, a performance bond primarily guarantees that a contractor will fulfill the terms of a contract, and an appeal bond is used to guarantee that a defendant can pay the judgment if they lose on appeal. A commercial bond generally pertains to the conduct of business and may not directly address legal proceedings or the freezing of assets during a lawsuit. These distinctions clarify why a litigation bond is the appropriate choice for freezing assets in the context of a civil suit.