The amount of money paid for bail by a bondsman or bail bond agent, who acts as a surety for those who cannot afford the entire bail. Usually the defendant pays a fee of 10-12% of the amount due for bail. In many jurisdictions, the courts have responded by recently instituting a practice of accepting 10% of the total bond amount in cash, for example, posting $20,000 bond or … [Read more...] about BAIL BOND
B
BAILMENT
A delivery of goods or personal property, by one person to another, in trust for the execution of a special object upon or in relation to such goods, beneficial either to the bailor or bailee or both, and upon a contract, express or implied, to perform the trust and carry out such object, and thereupon either to redeliver the goods to the bailor or otherwise dispose of the same … [Read more...] about BAILMENT
BAD CHECK
A check that is not payable due to insufficient funds (NSF) in the account or a check drawn on an account that has been closed. … [Read more...] about BAD CHECK
BAIL BONDSMAN
A bail bond agent who acts as a surety for criminal suspects who are unable to afford the entire amount of the bail. Typically the defendant will be charged 10-12% of the amount of the bond as a fee. Bail bondsmen are usually located within close proximity of the courthouse so that they can quickly arrive to provide necessary funding. … [Read more...] about BAIL BONDSMAN
BAILOR
A person who delivers personal property to another person, for example, the person who leaves a broken computer with a technician for repair. … [Read more...] about BAILOR
