Bail bond

Bail bond,

Definition of Bail bond:

  1. 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.

  2. 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.

  3. The bail bond is a type of surety bond.

Synonyms of Bail bond

Accident insurance, Actuary, Annuity, Assurance, Aviation insurance, Bond, Business life insurance, Casualty insurance, Certificate of insurance, Court bond, Credit insurance, Credit life insurance, Deductible, Endowment insurance, Family maintenance policy, Fidelity bond, Fidelity insurance, Flood insurance, Fraternal insurance, Government insurance, Health insurance, Industrial life insurance, Insurance, Insurance agent, Insurance broker, Insurance company, Insurance man, Insurance policy, Interinsurance, Liability insurance, License bond, Limited payment insurance, Major medical insurance, Malpractice insurance, Marine insurance, Mutual company, Ocean marine insurance, Permit bond, Policy, Robbery insurance, Social security, Stock company, Term insurance, Theft insurance, Underwriter

How to use Bail bond in a sentence?

  1. Judges typically have wide latitude in setting bail amounts.
  2. 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.
  3. The bail bond serves as surety that the defendant will appear for trial.
  4. The bail system is widely viewed as discriminatory to low-income defendant and contributing to the mass-incarceration of young African-American men.
  5. 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