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A bond allows an arrested person (defendant) to be released from jail until his or her case is completed. A $5.00 Death Benefit Fee is added to all bond payments. For example, if you have a $500 cash bond, you will pay $500 plus the $5.00 benefit fee for a total of $505.
How is a bond determined?
The price of a bond is determined by discounting the expected cash flows to the present using a discount rate. The three primary influences on bond pricing on the open market are term to maturity, credit quality, and supply and demand.
How can I get my bail money back Philippines?
1) The person who paid the Bail money should write an application to the Chief Magistrate of the Court seeking to have this money given back. 2) The application is then forwarded to the Cashier, who then writes to the High Court requesting for a refund of the said money.
What does it mean to release a bond?
By Paul Bergman, UCLA Law School Professor. Simply put, OR release is no-cost bail. Defendants released on their own recognizance need only sign a written promise to appear in court as required. No bail has to be paid, either to the court or to a bail bond seller. However, all other aspects of bail remain the same.
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