The bail bond is the kind of agreement done by the criminal defendant to appear on trial or need to pay money that is set by a court. A guarantee return is given by the bail bondsman who will defend the bail bond. It is a kind of surety bond. This kind of bond is provided by the mercer county bail bonds for varied reasons.
Types of bonds:
There is varied kind of bail bonds that is provided for the varied requirements and conditions.
Surety bond: this kind of bond is needed when the bail bondsman will cosign the complete amount of bail with a court. A bail bondsman will be financially responsible in case of ensuring a defendant who appears in court. In case a defendant does not appear, the bondsman can hire a bounty to bring the person back or even pay a court the complete bail amount.
Property bond: a property bond is needed when a piece of the property like land or house is used in the form of collateral form to get the release of the defendant. The value of the property should be equal to or even need to be greater compared to the bail value. In case the defendant fails to show up for the court date the property may be lost.
Cash bond: this is the kind of bond needed when the cash would be used to pay the complete amount required for the bail. Cash bonds need to be paid in the complete form to a court and it is not subjected to refund in case the defendant does not appear in court. Therefore, posting the cash bond is mainly considered a sign of good faith and there would be greater chances of the person getting released based on the recognizance.
Federal bond: The federal bond is mainly required for defendants who are charged with a federal form of crime. These kinds of crimes mainly include tax evasion, trafficking of drugs, and other serious offenses that are considered by the law of the state lines. The conditions for this kind of bond are set by the federal form of law depending on the varied conditions.