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A bail bond is an agreement by a criminal defendant to appear for trial or pay a sum of money set by the court. The bail bond is co-signed by a bail bondsman, who charges the defendant a fee in return for guaranteeing the payment.
Texas bail bonds are cash or a cash equivalent that is given to the court to ensure that he or she will appear in court when ordered. If the defendant appears when he or she was ordered to, bail is refunded. However, if the defendant fails to appear, the court keeps the bail and issues a warrant for his or her arrest.
Bonds are issued by governments and corporations when they want to raise money. By buying a bond, you're giving the issuer a loan, and they agree to pay you back the face value of the loan on a specific date, and to pay you periodic interest payments along the way, usually twice a year.
N. an order of a court in a criminal case allowing an accused defendant to be freed pending trial if he/she posts bail (deposits either cash or a bond) in an amount set by the court.
On the other hand, a "bond" is when a bondsman, or bonding company makes a pledge on a person's behalf to pay the bail if they do not attend court. Depending on the bonding company, you will have to pay between 10-15% of the bail amount.