how does bail bond work? - PowerPoint PPT Presentation

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Title: how does bail bond work?


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how does bail bond work?
When circumstances drive you to jail in case of
state offence, the officials need an authentic
surety of your timely presence in court for all
required proceedings, hearings and trials for
your release. Your good previous record and
public acquaintance are the required evidences
that ensure your presence in the town, on
fulfilling these conditions court may discharge
you. This bail bond process of self-surety is
called own recognizance.
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how does bail bond work?
If the suspect is unable to provide sufficient
self-recognizance than court or judge sets a
certain sum of money to be paid before setting
free. This legal process is called bail. This
deposited money is actually a surety that ensures
your timely presence in the court for every trial
and hearing. You have to deposit the agreed sum
of money with the court and enjoy your liberty
but with the promise to show up your presence
when and where required positively, otherwise the
honorable court has the right to confiscate your
bail bond. Keeping in view the intensity of crime
and suspects previous record a judge can set a
high amount of bail bonds.
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Importance of bail bonds
In case of unavailability of required money or
the bail, court accepts a bail bond as an
alternative. This is offered by an insurance
company. The company takes the responsibility of
paying the money for the entire bail procedure if
the suspect refuses to come in the court.
Insurance company charges a premium for bond
postage. The insurance company charges 1,000 if
the bail money is 10,000 which means that the
company charges a 10 premium for the bond
postage. In addition to this the insurance
company wants assurance by taking the sign of a
guarantor or a withholder. In case of absence of
the suspect the guarantor has to pay the 10,000
to the insurance company.
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