Bail Bond Legal Meaning and Definition
Here is a simplified definition of the legal term Bail Bond.
Bail Bond (noun): A "Bail Bond" is a type of promise, usually made by an insurance company, that the person who was arrested (also known as the defendant) will return to court when required. This promise is backed by a certain amount of money. If the defendant doesn't show up to court when they're supposed to, this money (or property, in some cases) may be given to the court as a penalty. This promise is typically managed or arranged by a person known as a bail bondsman, and it can be returned once the court case has reached its conclusion.