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A bailment relationship between the bailor and bailee is generally less formal than a fiduciary relationship. [3] In addition, unlike a lease or rental, where ownership remains with the lessor but the lessee is allowed to use the property, the bailee is generally not entitled to the use of the property while it is in his possession. However, a ...
A bail bondsman, bail bond agent or bond dealer is any person, agency or corporation that will act as a surety and pledge money or property as bail for the appearance of a defendant in court. Bail bond agents are almost exclusively found in the United States because the practice of bail bonding is illegal in most other countries.
Money for bail may be applied toward a fine. A day-fine is a fine that, above a minimum, is based on personal income (similar to progressive taxation), [7] as opposed to a fine of a fixed amount. Day-fines are often implemented to alleviate some of the burden on people experiencing poverty, who might otherwise have issues paying/affording some ...
A bond is a form of debt where the bond issuer borrows money in return for paying interest and returning the bond’s principal to the buyer when the bond matures. Bonds are commonly issued by ...
This means that bail funds that post bail receive the money back (minus fees) when the individual bailed out returns to court and completes their case, enabling the bail fund to reuse the money for another bail. [6] Bail funds are differentiated from other methods of paying bail in that they are often unconnected to the individuals who receive ...
Since bond funds hold a variety of bonds with different maturities, the price changes of individual bonds within the fund can offset each other. This helps to reduce the overall volatility of the ...
In finance, a bond is a type of security under which the issuer owes the holder a debt, and is obliged – depending on the terms – to provide cash flow to the creditor (e.g. repay the principal (i.e. amount borrowed) of the bond at the maturity date and interest (called the coupon) over a specified amount of time. [1])
The court in many jurisdictions, especially states that as of 2012 prohibited surety bail bondsmen – Oregon, Nebraska, Wisconsin, Illinois, Kentucky and Maine [29] – may demand a certain amount of the total bail (typically 10%) be given to the court, which is known as surety on the bond and unlike with bail bondsmen, is returned if the ...