If you are going to be attending the Indy 500, then it might be useful to know how to bond out of jail if you get in any legal trouble during the festivities. Most people know that a bond is some sort of monetary payment used to be released from jail while a person is awaiting and conducting a trial. However, most people do not know about all the types of bonds that they could potentially be facing when trying to get released from jail.
There are five different types of bonds, but before a bond is involved there is the possibility of being released on your “own recognizance.” This means that the judge has decided to release the defendant and allow them to return of their own volition without requiring any sort of payment. One note on being released on your “own recognizance” is that if you fail to return, then you might lose the right to be released on your “own recognizance” in the future. The first is a cash bond that must be in paid in full to be released, but can be refunded at the completion of the case barring any remaining fees or fines. The second is a surety bond that must be paid by a bail bondsman and is nonrefundable. This type of bond requires only 10% of the full amount, but if the person released from custody does not return, then the bail bondsman is liable for the full amount. The next type is a personal recognizance (PR) bond, which is almost the same as a surety bond. The only difference between a surety bond and a PR bond is that it must be paid by someone other than a bail bondsman, generally a family member.
The last two types of bonds are combinations of the above types of bonds. The fourth type is an XC bond, which combines a cash bond with a surety bond. This could include a high cash bond, a low cash bond coupled with a low surety, or any other combination of the two. The final bond is an XR bond, which combines a PR bond with a surety bond. This type of bond puts a bail bondsman and another person on the hook if the person released from jail does not return. An important final note about bonds is that they are up to the judge’s discretion. The judge normally bases the decision on what type and how much of a bond to order on how serious the crime, whether it was violent, and the chance the person is a flight risk. Therefore, anyone awaiting trial could be faced with any of the above types of bonds.