A bail bond is a type of financial security. It is a promise (bail) made for the release of an individual arrested on criminal charges. Typically this is done by securing the money to be held in case the individual fails to show up for future court dates.
Here are some crucial aspects to know about a bail bond, as explained in the video,” Legal Questions: How Do Bail Bonds Work?”
A bail bond works as an agreement. It is an excellent way for someone to recover from financial loss, whether it is from a minor traffic ticket or an extensive criminal case. Upon arrest, a criminal case is set into motion and will eventually make its way through the court system. Until this happens, the accused individual will remain in jail.
The court sets the bail amount based on several factors, including the crime’s severity and the suspect’s likelihood of appearing in court. Once the court resolves the case, it returns any amount paid on the bond to the person who posted it.
To sum up, a bail bond is a financial security that ensures that the defendant will show up for his court dates. The defendant must pay for it by paying off the entire amount or part of the bail, depending on his ability to pay.