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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.
Compelling reasons may generally be established by demonstrating that jail is an unlikely outcome for the charge, or that bail conditions can be imposed that make re-offending unlikely. In cases where a defendant is charged with murder, terrorism or offending with a moderately serious charge while on bail, to become eligible for bail the ...
A surety bond is defined as a contract among at least three parties: [1] the obligee: the party who is the recipient of an obligation; the principal: the primary party who will perform the contractual obligation; the surety: who assures the obligee that the principal can perform the task; European surety bonds can be issued by banks and surety ...
This page was last edited on 4 January 2020, at 13:43 (UTC).; Text is available under the Creative Commons Attribution-ShareAlike 4.0 License; additional terms may ...
At the afternoon court appearance, Combs's lawyer, Marc Agnifilo, proposed a $50 million bond package to keep him out of jail before his trial. He held a stack of six passports — which he said ...
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.
Whether to raise property taxes to pay for a $49 million bond that in turn would pay for 294 new jail beds was on Ada County voters’ ballots Tuesday. The bond failed narrowly to garner the ...
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