3 ms·

Bail is a security - you only actually lose the asset securing bail if you abscond.

• pessimizer 4y ago
  Bond is not bail. Bond is a percentage of bail that you pay to someone willing to put up the entire bail, and who will help find you if you abscond.
  • Fatnino 4y ago
    But it's possible they found some other money lender, not a bail bond specialist and got (improbably) better rates than 10 percent upfront, nonrefundable.
    • dragonwriter 4y ago
      The legal limit on bail bond premiums in New York at this size is 6% (plus a tiny amount), not 10%.
  • dragonwriter 4y ago
    > Bond is a percentage of bail that you pay to someone willing to put up the entire bail Bond is actually whatever arrangement you make that the court accepts as surety in place of depositing the full bail amount as cash. Most commonly, this is paying a premium to a registered bond agent (who usually also does not pay the full bail up front), sometimes, its having other persons aa sureties who are liable for the bail if you don’t appear, or pledging other property as a guarantee, or, as in SBF's case, both, where his parents home is pledged and his parents are liable sureties.