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Bailbonds - bail bonds and bail bondsmen in the United States, listed by city
Bail, in law, obtaining the release from custody of a prisoner by depositing a security to guarantee the prisoner's surrender to proper legal authorities at a given time. The security itself is termed bail or bail bond monies.
A prisoner may be released on bail at the discretion of the court having jurisdiction over the case. In criminal cases, courts may grant or deny bail depending on the severity of the charge; bail is often denied in cases of homicide. When bail is allowed, it is set by the court. The 8th Amendment to the U.S. Constitution prohibits setting "excessive bail." Should the prisoner fail to appear at the required time, the bail bond is forfeited.
Bond (law), an agreement to pay a specified sum of money under certain conditions. Bonds can be classified as conditional or unconditional. Unconditional bonds, also called investment bonds, guarantee payment at a specific time, known as maturity. These bonds are sold to investors by governments and businesses to raise money (see Bond [finance]). Somewhat like an insurance policy, conditional bonds promise payment only if a specified event occurs or fails to occur. Most conditional bonds are issued by a surety company, which promises to pay a predetermined sum if the bond is forfeited.
A variety of conditional bonds are used in business. Fidelity bonds offer payment in the event of theft or fraud. When a fidelity bond has been purchased to guarantee an employee's honesty, the employee is said to be bonded. People who have access to large sums of money, such as employees of banks and messengers who deliver valuables, are often bonded. Performance and completion bonds, also known simply as performance bonds, are used in the construction industry. Contractors are bonded to ensure completion of their work. If work is not completed on schedule, the bond is forfeited.
Conditional bonds are also used in a variety of legal proceedings. Bail bonds are used to guarantee that a defendant in a criminal proceeding will appear for trial or sentencing. The bail bond is forfeited if the defendant does not appear at the appointed time. The losing party in a civil suit may be required to furnish a bond to guarantee court-awarded payments. Likewise, the suing party is sometimes required to furnish a bond to prevent undue damage to a defendant, especially when a defendant's property is seized pending the outcome of a trial or when an injunction prohibiting a certain course of action is issued by the court.
Bail Bond, document guaranteeing appearance of a defendant or forfeiture of a set amount of money, called bail.