What Is A Bail Bond And How Does It Work?
Bail is the promise by one individual to secure a prisoner's release from jail, pending the outcome of legal proceedings, and can be posted either in cash or assets such as property. In most jurisdictions in the United States, bail bond services can only be set if there is a substantial risk of flight or danger to society or large amounts of money involved. What is a Bail Bond and Why Would Someone Need One? A bail bond is a contract between a bail bondsman and the person arrested that guarantees the person will appear in court when required. The bail bond company pays the accused a set amount of money, usually 10% of the bail amount, to ensure their return to court. If the accused does not show up for their court appearance, the bail bond company can ask the court to issue an arrest warrant for them. Types of Bail Bonds A bail bond is a contract between the bail bondsman and the person who has been arrested or detained. The bond is an agreement to pay a set amount of money, ...