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In simple terms, bail is the actual thing of value (money, etc) that is put up to guarantee appearance.
Bond referes to the contract that the bailee makes with the court in agreement to return for further appearances. .
Wiki User
∙ 12y ago
Wiki User
∙ 6y agoIn both cases, you're paying the court money in order to be released from jail prior to the trial.
Let's assume you've been arrested for homicide, and in order to be released, the court demands $500,000.
If you pay bail, you pay the court $500,000, and you are released from jail until the trial has ended. The point of the court demanding this money is so that you have an incentive to show up to trial. If you show up to trial as expected, whether you're found guilty or not guilty, the $500,000 will be returned to you. If you do not show up for trial, the court will keep the $500,000 and issue a warrant for your arrest (Failure to Appear).
If you cannot afford to pay bail, you may bond out with the help of a private bonding company. Assuming, again, that the court is demanding $500,000, but you cannot afford such a price. You may contact a bond agency, who will demand a percentage (usually 10%) of the amount owed. You pay the 10% ($50,000; or in some cases, people will turn over expensive property like a house or car) and the bonding company will pay the other 90% ($450,000). The bonding agency will then do everything within their power to ensure that you appear for court. If you do not appear, the bonding agency has lost $450,000, but if you do appear, they've gained $50,000.
Bail is you directly paying the court.
Bond is you paying a company, so that the company pays the court.
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What is the difference between bail bonds and bank bonds?
A bail bond is a security to make sure you go to court, a bank bond is a bond you can cash out, or a bank bond is also a bond that a teller has to have to secure their job if they should lose money.
What is the difference between a secured and unsecured bond when posting a bond to get out of jail?
a secured means you either have the money or the property a unsecured means u can use a bail bondsman to get out
Money to guarantee appearance in court?
Bail bond Surety bond. Bail
Secured bail bond?
A "secured" bail bond is one in which the ENTIRE cash amount of bail money was put up -or- the bail bond is secured in it's entire amount by the pledging of property of equal value.
What is the synonym of bail?
A synonym for bail is bond.
What is the difference between bearer bonds and bail bonds?
Bearer bonds are unregistered, negotiable bonds where the physical possession of the bond represents ownership, while bail bonds are financial guarantees provided by a bail bond agent to ensure a defendant's appearance in court. Bearer bonds are issued by corporations and governments to raise capital, while bail bonds are typically used in the criminal justice system to secure a defendant's release before trial.
If a bail bond is exonerated do you get a refund from the bail company where you posted bail with?
Exoneration of a bail bond simply means that the defendant has been adjudicated and the bail liability has been released from the bail bond agent.When a bail bond is posted and a fee is charged by the bail agent that fee is non-refundable no matter if the charges are never filed, the defendant gets parole revoked and put back into custody, or the defendant is adjudicated.
how many bail bond companies are there in Anchorage, AK?
There are nearly 12 bail bond companies in Anchorage,AK .Some of them are Break out Bail,Big fish bail,Alaska Bail Bonds etc
If you sign a bond for someone to get out of jail can the bail bondsmen issue a warrant for you if they jump bail?
No, but you will become liable for the full amount of the bail jumpers bond.
Is the term for a bond between two atoms that differ in electronegativity?
If there is a slight electronegativity difference, the bond is a nonpolar covalent bond. If there is a large electronegativity difference, it is an ionic bond. If the difference is somewhere between, it is a polar covalent bond.
If a prisoner appears in court is some of the bond money returned?
That's a private business deal between you and your bail bondsman. If the judge releases you, without bond, you will owe only the amount the bail bondsman charged for his services.
What is the difference between bail and remand?
Bail is when you are released pending your court hearing. You are bailed against a bond (a sum of money). Remand is where you are not released pending your court hearing. If found guilty the amount of time you spend on remand is counted towards the amount of time you have to serve. People on remand are considered too dangerous to be released on bail.
