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A performance bond, which can be either conditional or unconditional, is a form of security usually issued by a bank or insurance company, guaranteeing a contractors obligations towards the employer.
[A cash bond is a payment of cash to the court to make sure that the defendant attends all future court hearings and performs other conditions of the bond.] [To request private surety instead of cash (or corporate surety), use form CR-240.]
If the arrested person posts bail directly with the court or the jail, the bail posted will be returned after the case is closed if the arrested person has met all conditions set by the court and has appeared at all scheduled court hearings.
More In Forms and Instructions Issuers of tax-exempt private activity bonds use Form 8038 to provide the IRS with the information required by Internal Revenue Code section 149 and to monitor the requirements of Internal Revenue Code sections 141 through 150.
A cash bond is when you post cash in order to fulfill your obligations. The advantage to the principal of a cash bond is a lower fee. Because reserves are essentially covered by the cash on hand, there is no need for funds to be readily available. The disadvantage is having to have the full bond amount in cash on hand.

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A cash bond is when you post cash in order to fulfill your obligations. The advantage to the principal of a cash bond is a lower fee. Because reserves are essentially covered by the cash on hand, there is no need for funds to be readily available. The disadvantage is having to have the full bond amount in cash on hand.
A performance bond is a financial guarantee to one party in a contract against the failure of the other party to meet its obligations. It is also referred to as a contract bond. A performance bond is usually provided by a bank or an insurance company to make sure a contractor completes designated projects.

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