Hon. Fanon Rucker, a Cincinnati Municipal Court Judge, set bond for a Cincinnati man accused of killing at 13-year-old girl at $5,350,000 this morning. The Enquirer has coverage of the story here.
As often as the terms "bond" and "posting bail" are used, many people don't know the actual process and purpose for bonding or posting bail.
A bond is set at a criminal arraignment if the defendant pleads not guilty. Many times a judge will simply issue an "OR bond." This means the defendant is released on his "own recognizance," or no financial incentive is needed to ensure the defendant will show up in court. This usually happens with first time offenders charged with minor crimes. In more serious cases, the judge or magistrate may order a monetary bond.
Monetary bonds come in two forms, cash bonds and surety bonds. Cash bonds are satisfied when a defendant places a certain amount of money with the court as a deposit. If the defendant fails to show for a court date, the bond is forfeited to the court. Surety bonds work in a similar manner but get a third party, usually a bail bondsman, involved. The third party assures the court of your appearance. If you fail to appear, the bonding third party is liable for your bond. The bonding party will require 10% of the bond amount in cash as payment for this service.
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