Massachusetts Voluntary Assignment of Cash Bail To Other Financial Obligation To Court is a form of alternative financing for those who cannot, or do not wish to, pay bail in cash. This type of assignment allows individuals to pay bail in the form of an alternative financial obligation to the court, such as a loan, a surety bond, or an insurance policy. This type of assignment is voluntary and must be accepted by the court. There are two types of Massachusetts Voluntary Assignment of Cash Bail To Other Financial Obligation To Court: surety bonds and insurance policies. Surety bonds are a type of collateral that is provided by a third party, such as a family member, friend, or professional bail bondsman, to ensure that the defendant abides by the court’s order. Insurance policies are a type of financial security that is purchased by the defendant, to guarantee payment of the bail amount if the defendant fails to appear in court.