bail bond

bail bond definition - business

bail bond

Funds posted by a bail bond company to guarantee a defendant will appear in court at the scheduled time. The judge may issue an arrest warrant and keep the bail bond in the event the defendant fails to appear.

The American Heritage® Dictionary of Business Terms Copyright © 2009 by Houghton Mifflin Harcourt Publishing Company. Published by Houghton Mifflin Harcourt Publishing Company. All rights reserved.

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