Whenever police arrest a person, they are held in jail until the court decides on their case or until they are released on bail. Most of the time, this amount is needed in cash, which sometimes usually is so hard to be raised by the defendant, and this where a bail bond comes in. The defendant will have to seek for ways to have the money raised and could need a lot of assistance in the process. So, what is Bail Bond?

What is Bail Bond?

Before the defendant is released on such terms, the court will need surety of the payments of the posted amount. There is a surety bond company that secures the release of the defendant from jail, and this is ever done through an agent. Therefore, this is a surety bond that is provided by the company. The defendant can be released until the dates of the hearing.

Types of bail bonds

There two major types of this agreement; the first kind is the criminal bail bond. As the name suggests, this is majorly used in criminal cases. Basically, it assures that the defendant appears for hearing when called upon by the court and guarantees payment of the fines and the penalties that are put forward against the defendant. The second kind is the civil bail bonds. This is used in civil cases and usually guarantees the payments for the cost and debts. The interest that might have been assessed by the defendant is also covered.

How it works

It all starts with the judge posting an amount. If the defendant is unable to pay up the amount posted, they are given a chance to seek the help of a bail bondsman assistance. For you to initiate the agreement, the defendant is usually required to pay up 10% of the posted amount, and then the agent in charge will secure the remaining amount in the form of collateral. Whenever the defendant does not have enough insurance, the agent might seek help from friends and relatives.

A matter of law can sometimes be hard to understand. These are mostly things we hear on the News or watch in the movies. But, they are useful in reality. What is Bail Bond? This is a question that most people would like to know with the fact that each time we hear of the terms. This piece of an article has elucidated some of the most basic information on what it is, the available types, and basically how it operates.