what is a bail bond

According to the U.S. Constitution and the state of Texas, your bail amount must be deemed reasonable. A bail bond agent is an individual or business appointed by a surety company to execute or countersign the insurer's bail bonds in connection with criminal judicial proceedings. They post bail to release defendants who have been charged with a crime and remanded into custody. The modern commercial practice of bail bonds has continued to evolve in the United States while it has since ceased to exist in most modern nation-states. , on the other hand, can be obtained for civil cases. With the rise…. Arizona Revised Statutes ("ARS") § 20-340(2). These conditions may include regular drug testing, restricted travel or limited business activities. As president of Lance Surety, he now focuses on educating and assisting small businesses throughout the country with various license and bond requirements. The family or individual contacts us, and we provide a bond to the court covering the required amount. Bail bonds can only be provided by a bond company. There are two types of Bail Bonds: For the rest of the 90% unpaid by the defendant, the bail bondsman will usually require some form of collateral in case the defendant flakes. What is a bail bond? To fully understand what unsecured bail bond is, you have to know what bail is first. The benefit to the family or individual is they only have to provide the fee rather than the full amount of the bond. A bail bond is a payment that an arrested person may be able to make to the court in order to stay out of jail until their trial. Bail bonds are used to release a person who has been arrested for a crime from jail. Immediately after someone gets arrested and taken into custody, they have their mugshots and fingerprints taken. Bail agents will char… If someone is not able to pay the entire amount of bail, then they should seek the help of a bail agent. The bond company charges a fee for this service. In the legal context, according to the Freed Dictionary, bond is a ‘written guaranty or pledge, which is purchased from a bonding company (usually an insurance firm) or by an individual as security (called a “bondsman”) to guarantee some form of performance, including showing up in court (“bail bond”).’ In the case of a bail bond, the bail is issued depending on this bond made to the court. A bail bonding agency, acting for the defendant, will arrange with the court to have a suspect released from jail pending the trial in exchange for money or collateral, which may be cash, assets, or a bond. If the accused cannot pay the bail amount, they must wait in jail. FREE Quotes | No Obligation | 100% Secure. Furthermore, it ensures that the defendant will pay the fees and fines levied against them. For example, if the bail amount is $20,000, the premium charged would be $2,000. If the defendant fails to appear in court, the bail agent forfeits the bond amount. Now, let’s dig into the details of what a bail bond is and how it works. In these situations, if the defendant is unable to post bail, his or her only alternative is to remain in jail until the trial. Understanding a bail bond Many people who are arrested and charged with crimes have to post bail to get out of jail while they await trial. Failure of the defendant to comply with the conditions of the court could result in warrants issued and the bail bonds forfeited. are used in criminal cases to guarantee that the defendant will show up on their scheduled court date. Bail bonds are, first and foremost, to give a financial solution to those that have been put in jail for a crime. Obtaining a bail bond may not be easy, depending on the defendant’s charge, personal circumstances, financial situation, and similar other factors. According to the U.S. Constitution and the state of Texas, your bail amount must be deemed reasonable. Bond agencies require collateral from the defendant, such as jewelry, an automobile or even a home. In this case, the accused will put up a percentage of the bail and the bail bonds person will put up the rest. A bail bond is a form of bail payment provided on a defendant’s behalf by a bail bond agent. The Meaning Behind Color Codes in Jail Uniform, Sample Love Letters to Your Boyfriend in Jail, Calling Out Companies That Use Prison Labor. Bail Bond Professionals located in Orange County explains how a bail bond works. , they are losing their popularity. Surety companies like Lance Surety Bonds don’t provide bail bonds because of the high risk involved with them. Bail and bond are two of the most common legal terms that people often hear publicly, in the media or in other place even if they are not really into the whole legal system. They keep the already paid percentage and other fees for their services. A Bail Bond is a type of surety bond provided by a surety bond company through a bail agent or Bail Bondsman that secures the release of a defendant from jail. Known as a bail bond or cash bail, an amount of money is posted so that the suspect can be released from pre-trial detention. Bail bonds have traditionally been a preferred way for jail release in the U.S. In simple terms, you pay to pay money or collateral when the bail amount is set and/or you go to jail. What is the difference between bail vs bonds? In these situations, if the defendant is unable to post bail, his or her only alternative is to remain in jail until the trial. A "bail bond" refers to the promise made by the defendant or a "surety" (someone who promises to pay for the defendant) to the court to forfeit the bail money if the defendant does not return. Criminal bail bonds also guarantee that the defendant will duly pay any penalties and fees set by the court. Bail-outs are designed to keep creditors happy and interest rates low, while bail-ins are ideal in situations where bail-outs are politically difficult or impossible, and creditors aren't keen on the idea of a liquidation event. A secured bail bond means paying money to secure your release. Stay updated with the latest by subscribing to our newsletter below. Consequences of Non-Appearance. What Is a Bail Bond? As noted, it is often a large sum that is difficult to provide. What You Need to Know About Bail What the bail bond calculator looks like during computations (click image for high resolution version). Unfortunately, many people will get arrested at some point in their lives due to some circumstances. Let us tell you about them. A bail bond basically allows the defendant to be released after paying only a portion of their bail (usually 10-13% of the total amount) to the bail bondsman. The bail bond system arises out of common law. The judge will automatically order a bond exoneration when entering the verdict. The bond company charges a fee for this service. It does not extinguish any fee owed to the bail bond company. Save my name, email, and website in this browser for the next time I comment. Instead, bail bondsmen obtain bail bonds in the name of the defendant. In case a defendant doesn’t appear in court, the surety would have to pay the full bail to the court. Bail bonds are, in essence, an alternative to paying the full bail amount required from a court. The court sets the monetary value of the bail. 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