What Is A Bail Bond?
If a person is arrested in the United States, he or she is given an opportunity to post bail. This opportunity can be used by a friend or a family member who can give money accordingly to free out their loved ones. The money is insurance that the person will come to court and answer the charges against him. However the money is forfeited if the person doesn't show up in court.
Most people seek the help of bail bond agents as they are unable to pay the court bill and expenses by themselves. These agents are just like gamblers betting that the accused will make it to court on time and thus lends them money at a high interest. However if the accused misses his court date and jumps bail then it is up to the agent to track him or her down. For this purpose the bail bond agents acquire the services of a bounty hunter who would track down the person and bring him to justice all while getting a percentage of the posted amount.
There may be some risks involved in this process but still it allows the potentially innocent person to live their life normally while they await their trial. The bail bond agents charge fees in percentage and their charges are often as high as 10/% of the amount paid for the case. The posting of bail is often termed as a surety bond since it provides surety to the court that the accused will stand before a judge.