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The Meaning of ?Bail? As the defendant, you agree to post a specific amount of money in exchange for the assurance that you'll return to court for your scheduled court date. Upon appearing in court as scheduled, and as stated in the bail bond agreement, you get your money back.
A cash bond is paid in full and is ?refunded? after the case is concluded. However, the court often takes some of the money. A surety bond is posted by a bonding company with a 7% to 10% premium, depending on the bond amount. This is paid to the bondsman as a fee for their service.
No. The money that is held by courts through bail money or through other means (official liquidator or Court receiver) are interest free deposits. ... Bail amount can not be refunded. The bail amount is deposited for securing release pending trial, hence once you deposit such amount you get out of prison.
If the defendant was not convicted, and the case was dismissed or acquitted, then the full amount of the Cash Bail deposit is refunded to the Surety. Courts may impose additional fees. For more information on these fees, you will have to contact the appropriate court to discuss the fee.
The Department of Finance holds the Cash Bail funds until the court closes the case and issues a court order to refund the Cash Bail. You do not have to do anything to receive a Cash Bail refund. We usually receive the Cash Bail refund court order request from the court about six (6) weeks after the case is closed.