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Surety bond: By a surety bond, a third party agrees to be responsible for the debt or obligation of the defendant. In many jurisdictions this service is provided commercially by a bail bondsman , where the agent will receive 10% of the bail amount up front and will keep that amount regardless of whether the defendant appears in court.
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.
Construction of the Pentagon, 1942.. The Miller Act (ch. 642, Sec. 1-3, 49 stat. 793,794, codified as amended in Title 40 of the United States Code) [1] requires prime contractors on some government construction contracts to post bonds guaranteeing both the performance of their contractual duties and the payment of their subcontractors and material suppliers.
The term "exoneration" also is used in criminal law to indicate a surety, i.e. bail bond has been satisfied, completed, and exonerated. The judge orders the bond exonerated; the clerk of court time stamps the original bail bond power and indicates exonerated as the judicial order.
A federal judge on Friday temporarily blocked part of a Georgia law that restricts organizations from helping people pay bail so they can be released while their criminal cases are pending. U.S ...
Peace bonds are similar to a civil court restraining order, and are also based on the lesser burden of proof of civil law. [citation needed] A peace bond can be issued by a criminal court judge or a Justice of the Peace. [2] A peace bond is usually issued when the Crown Prosecutor is convinced that a strong case does not exist against the accused.
A judge allowed bond Thursday for a Florida sheriff's deputy who was fired and charged with manslaughter after shooting a U.S. Air Force senior airman at the Black man's apartment door. Former ...
The subrogation right of the bond surety against the contractor (i.e., the right to sue for indemnification) is a deterrent to non-performance. Bond sureties often require additional security, including personal guarantees by principals of the prime contractor, to protect themselves in the event that the prime contractor ceases doing business ...