In January 2016 I joined Forbesâ Entrepreneurs team, after spending the previous six years writing for the Leadership channel. Iâm most interested in dramatic success stories that include a colorful, rocky road, where the business founder learns lessons as she navigates the terrain.
If you or a loved one is ever accused of a crime, the bail bond system can help protect your rights. Bail is an integral component in the justice system of the United States. The bail bond serves as a protection for a personâs rights. It also helps reduce overcrowding in detention centers and cost of inmate housing. These people, who have not yet been proven guilty, can remain free until a verdict is reached by the jury and the court comes up with a sentence.
DEFINITION of 'Bail Bond' A written promise signed by a defendant and surety to ensure that a criminal defendant will appear in court at the scheduled time and date, as ordered by the court. The bail amount is set by the court. The process starts with a defendant being released on bail; the bail is paid by a surety (bail bond agent or bondsman), who usually collects a percentage of the amount of bail. A written promise signed by a defendant and surety to ensure that a criminal defendant will appear in court at the scheduled time and date, as ordered by the court.