What Is a Personal Bond?


A Personal Bond refers to a document signed by an individual and it states the individual's promise to appear before the court on all scheduled court dates related to their case. This bond is sometimes called a Release on Recognisance bond and it is issued by a judge in lieu of bail or a secured bond.
Q&A Related to "What Is a Personal Bond"
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If you as an individual buy a bond, you will pay a little bit more than the price you would get if you sold the same bond at the same time. This is called the spread: It's the commission
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