Bond Bail

Definition of "Bond, bail"

Xena Vallone
  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.

Search Real Estate Glossary

Related Real Estate Glossary terms

Related Real Estate FAQ