Definition of Bail bond:
Collateral posted by a defendant in a criminal trial in order to be released from jail before the schedule court hearing. The bail bond is typically a percentage of the total bond and forfeited if the defendant fails to appear in court on the scheduled date. If a defendant does not have enough cash to pay the bond, he/she may seek out a bail bondsman to assist them with payment.
A bail bond is an agreement by a criminal defendant to appear for trial or pay a sum of money set by the court. The bail bond is cosigned by a bail bondsman, who charges the defendant a fee in return for guaranteeing the payment.
The bail bond is a type of surety bond.
Synonyms of Bail bond
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How to use Bail bond in a sentence?
- Judges typically have wide latitude in setting bail amounts.
- A bail bond cosigned by a bail bondsmen is posted by a defendant in lieu of full payment of the bail set by the court.
- The bail bond serves as surety that the defendant will appear for trial.
- The bail system is widely viewed as discriminatory to low-income defendant and contributing to the mass-incarceration of young African-American men.
- Bail bondsmen generally charge 10% of the bail amount up front in return for their service and may charge additional fees. Some states have put a cap of 8% on the amount charged.
Meaning of Bail bond & Bail bond Definition