Bail Bond
What is it? The money posted by a bondsman for a defendant who cannot afford his bail. The defendant pays a certain portion, usually 10%. If the defendant fails to appear for a court hearing, the judge can issue a warrant for his arrest and threaten to forfeit, or keep, the money if the defendant doesnt appear soon. Usually, the bondsman will look for the defendant and bring him back, forcefully if necessary, in order to avoid losing the bail money.Added By: Nicholas
The Bail Bond definition has been viewed 229 Time(s)!
Send To Friends!
If you'd like to send the Bail Bond definition to yourself or to your friends/colleagues, just enter the e-mail addresses in the boxes below -We hope you now understand the meaning of Bail Bond. If you need any more information on this term, please don't hesitate to contact us.