A bail bond is designed and framed by the Criminal or Traffic Department. Once the bail is posted, the prisoner is released into the custody of the indemnitor. Post the trial, the bail money is transferred back to the depositor, unless decided differently by the prevailing Jude. Thus, the concept of a bail bond agreement makes things a lot easier for a defendant. With more and more individuals, who are awaiting trial, opting for such agreements, various sorts of bail bonds have also been opened to them.
Kinds of Bail Bonds
The concept of bail bonds spans a rather vast area. With bail bond agreements gaining popularity and reliability with every passing day, it is relevant for defendants awaiting trial and their near ones to learn and understand the various branches of bail bonds. Cash bail refers to the amount of bail that is paid for the release of the defendant from imprisonment. The defendant is required to pay till the completion of the trial. This kind of bail is only granted for non-punishable offences. Next, the surety bail is paid by the indemnitor to ensure that the defendant will clear his debt to the respective investor or bank. If the defendant fails to pay, the guarantor will have to pay the principal debt with interest. Recognizable bail does not always require bail money. It simply refers to the promise made by a defendant to ensure his presence at every trial proceeding. When a signature bond is imposed on the defendant, it secures his future presence in court in lieu of money.
Merits of Availing a Bail Bond
Bail bonding, as a practice, has many practical uses in today’s world. These extend not only to the protection of the interests of the imprisoned defendant but also to the legal authorities for ensuring a just and fair trial. A bail bond arrangement is a relatively surer way to guarantee that the defendant, on being released, still stands by his given word and shows up at all his trial sessions as there is a lump sum amount of money at stake. The defendant is released from trial, allowing him a fair shot at resuming his routine day-to-day life until the court passes a final verdict on the case. It also prevents the defendant as well as the indemnitor, to a certain extent, to refrain from taking part in any illegal activity or conducting themselves in a manner that goes against the predefined “terms of release”.