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Once the defendant in a criminal case in which a cash bond was posted has complied with the conditions of the bond, the bond may be refunded. An order of the court authorizing the refund is required.
Being released on bond means the police or courts have released a defendant who has been criminally charged from jail after paying bail money. The bond requires someone or insurance to guarantee that the arrested person will show up for all court appointments until the case is resolved.
A judicial bond is a type of court bond that guarantees court costs are secured. Civil court proceedings require judicial bonds when someone involved in a lawsuit seeks a special right or remedy in advance of a final court decision.
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.