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Are SBF's bond guarantors posting collateral or are they actually paying a non-recoverable expense? I thought it was closer to the former.
by caminante 4y ago
Are SBF's bond guarantors posting collateral or are they actually paying a non-recoverable expense?
I thought it was closer to the former.
- jojobas 4y agoBail is refundable, bond usually means you pay an unrecoverable fraction of the bail for someone to pay the bail for you.
- dragonwriter 4y ago> Bail is refundable Bail becomes due if you fail to comply with the release terms; in some systems, you can pay the amount of bail in advance as security, in which case it is refundable. > bond usually means you pay an unrecoverable fraction of the bail for someone to pay the bail for you. Typically, to stand as surety for you in place of you providing security in the form of bail payment. When this is a bail bondsman, they usually do not actually deposit the amount of bail as security, they have met state-issued guidelines that allow them to stand as sureties without doing so.
- dragonwriter 4y ago> Are SBF’s bond guarantors posting collateral or are they actually paying a non-recoverable expense? “Sureties” is more correct than “bond guarantors”, and a mix of the first and neither, but mostly neither. (That is, his parents have executed a lien on their home, and the other sureties have not provided any security.)