Bond and Bail: Is There A Difference? The Transaction Is The Bail. The Money Is The Bond
Knowing the difference between a bond and a bail can be confusing. Especially if you don’t pal around with criminals. In either scenario, many find themselves confused when they hear the two used interchangeably. There is a difference between the two. So, what’s the difference between a bond and a bail?
What Is The Difference Between The Two?
An American court will usually conduct a bail hearing as the first matter of business after an arrest is made. A judge or ICE official will evaluate the arrested individual’s charges and other circumstantial factors. However, the amount of the bail can vary drastically based on each specific case. First-time offenders with misdemeanor charges will fall on the lower end of the spectrum. Those who have an extensive criminal history will likely receive a a higher amount. At that point, a friend or family member must come up with the amount of money specified.
Therefore, the straightforward transaction is known as bail.
The process is the same for both. The arresting agency will set the amount. Now the burden falls to the loved ones to come up with the funds for your release.
Are The Processes The Same?
Most people don’t have funds for a bond laying around. As a result, loved ones turn to bail bond services or agents. The bondsman can arrange a surety bond.
This surety bond is purchased by paying a small percentage of the total bail amount. The person seeking the bond will have to provide collateral. The loved one can use a deed to a house or the title to a vehicle as collateral. The bail bond service will arrange for the release of the arrestee.
The bail bond service can also eliminate the need for the bond sponsor to appear in-person. It can also be helpful when loved ones cannot afford to pay the full amount of bail in cash.
Want to discover more information about the difference between the two? Contact BailOption today to discuss your case.