cash bond

1.  General: An  arrangement wherein a  party gives to another an  amount of  money to secure the  fulfillment of an  obligation. In cases where the party  fails to  comply with the obligation, the money is forfeited in favor of the latter.

2. Law: A  transaction wherein a defendant  deposits an amount of money to the court to secure his temporary  release from jail.  Defendants failing to appear before the court during their trial  forfeit the cash bond. See also bail.

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