This property or money is referred to as "bond."
If you put the property up to secure the bail money, yes, the bail provider can take it with a court order.
Bail.
bail
In terms of bail bonds, a surety is a third party that pledges or promises money or property as bail (assurance to the court), for the court ordered appearance of an accused person.
When someone is arrested, bail money can be paid in cash, through a bail bond company, or by using property as collateral. Bail is a set amount of money that allows the arrested person to be released from jail until their court date.
...... is known as a 'surety bond.'or Bail--ADDED: The second answer is incorrect. The question asks about "PROPERTY" that a person puts up. The definitiion of "bail" is: Bail is the MONEY a defendant pays as a guarantee that he or she will show up in court at a later date.
It means that the defendant was released on a cash (or property) bailbond and the person for whom the bail was posted fled from prosecution. The amount of money (or property) that was posted with the court to insure his freedom is then forfeited to the court.
In the legal system, a bond is a financial guarantee that a defendant will appear in court, while bail is the money or property that a defendant pays to be released from custody before trial. Bonds are typically set by a judge, while bail is set by the court or a bail bondsman.
It's called 'bail' or 'assurance'.
It's called 'bail' or 'assurance'.
Bail bond Surety bond. Bail
Bail