As Romare put so well, arrestees have several options available when "posting" bond which is your monetary promise to appear. A failure to appear causes the forfeiture of the posted bond.
There are several means of providing bond:
A signature bond;
A property bond;
A cash bond; or
A professional bond.
The signature bond is most often seen when signing a ticket issued by the police.
Property bonds, or the value of your property, is posted in lieu of cash.
When the case before the courts has been settled, the judge releases the defendant from bond at which time property and cash bonds are released or returned to the one posting the bond.
As for the professional bond...you don't get their 10% fee back for that was payment of the temporary loan!
Hope this helps.....best wishes.
2007-04-03 06:24:49
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answer #1
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answered by KC V ™ 7
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bail bonds are put up by a bails bond agency. They are a promice by that company to pay the bail fi this person does not appear in court.
They recieve a fee for this service, normally from 10 to 20 percent of the bond. This is a fee and is not returned.
2007-04-03 06:24:05
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answer #2
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answered by Anonymous
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If you are arrested, the court sets a bail amount. Let's say it's $50,000. If you don't have that amount of money, you go to a bail bondsman and they put up the money. You usually have to pay a percentage (often 10%, so $5,000 in our example) to the bail bondsman, which you don't get back. You can also use collateral if you don't have cash.
In effect, the bail bondsman is guaranteeing to the court that you will appear every time you are required to be there. If you don't go to court, the bondsman will be out the money and they will send someone looking for you.
2007-04-03 06:20:05
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answer #3
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answered by Anonymous
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A Bail Bond, that is signed by you, is a piece of paper, saying that you guarantee that you will appear in court. If you don't, hence, BOND FORFEITURE.
A Bail Bondsman is a person who is guaranteeing your appearance in court, after you pay a fee to him. Usually it is 10%.
2007-04-03 06:40:38
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answer #4
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answered by CGIV76 7
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A bond is simply to assure your appearance in court.
2007-04-03 07:48:46
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answer #5
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answered by Keith 5
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