Bail is a word that drops a bomb on people – it is a term associated with imprisonment. But what exactly this term means? What are the types of bail bonds, and are these two different words or just one? Let’s explore in detail to get a better understanding of Castle bail bonds Columbus.
When you are your dear one is under police custody on suspension of committing a crime, then ongoing to the jail, you must file for bail to get a release (temporary). The legal system expects a certain amount (cash) against your surety for the release. The amount on the guarantee is assurance that you or the defendant will comply with the laws and cause no further crimes.
Bail bond and more
A bail bond is a surety bond which is a monetary guarantee to the judiciary to get a temporary release of the defendant from the jail. The two types of bail bonds are:
Criminal bail bonds: It is for criminal cases. The defendant promises to follow all the court orders and also ensures to co-operate in the pending trials. There is an assurance to the court that the defendant shall abide by any court requirements and pay the penalty amount.
Civil bail bonds: It is for civil cases. The defendant assures to pay all the debts, penalties, and court fees within the time frame.
Bail Bond or Bail Vs. Bond
The bail bond is two different words. Bail is the surety amount to the court by the defendant to get a release from the jail. The amount is generally very high, making it difficult for the defendant to pay in one go. A bond is the guarantee to pay off a fraction of the bail amount with the help of a bail bondsman or bail agent who arranges for the bond.
For example, the Bail amount is for $20000 on the defendant by the court. It is enormous sum liability for anyone, and therefore, provision of bond is there. The bond is a specific part of the total bail amount. You apply for a bail bond to avail the facility of part payment. The bail bond is usually for 10% of the full bail amount. So, you pay only $2000 at the time of release and the rest later in installments. It would be best if you kept some collateral as a guarantee in the court to avail the bail bondsman. The collateral can be property, gold, or anything of a similar value.
Bail bond – how does it work?
When the defendant appears in the court for the trial, then the bail bond dissolves. You also get back the collateral. The 10% cash becomes fees for the bail bondsman.
When the defendant fails to appear in court for the trial, you must let go of the bail bond amount. The court seeks the remaining 90% of the bail amount. The bail bondsman can use the collateral to pay off the remaining amount.
Applying for a bail bond is a challenge. The best solution is to seek a bail bondsman and take the legal support to come of jail quickly. All the best!