Definition of "Bond, bail"

Xena Vallone real estate agent
Xena Vallone, Real Estate Agent Xena Vallone Realty

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.

Have a question or comment?
We're here to help.

 
 
 
*** Your email address will remain confidential.
 
 
 

 

Popular Insurance Terms

Popular Insurance Questions