Bond, Bail
Same as term Bail Bond: monetary guarantee that an individual released from jail will be present in court at the appointed time. If the individual is not present in court at that time, the monetary value of the bond is forfeited to the court (jumping bail). Personal automobile policies commonly cover fees for an insured's bail bond.
Popular Insurance Terms
Extension of a Workers Compensation and Employers Liability Insurance policy to cover workers who go aboard ship to perform their jobs. ...
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Study of buying habits of consumers to determine their insurance needs. ...
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