Ten Percent Bond Law and Legal Definition
Ten percent bond is a type of bail for appearance of the accused in a criminal case. A ten percent bond is posted by depositing ten percent of the face amount of the bond with the clerk of the court. If the accused appears as required all but ten percent of the bond is refunded. For example, if the bail is $500, a ten percent bond can be posted by depositing $50. If the accused appears as required $45 will be refunded. Usually, this type of bond allows a defendant to arrange a bond without the services of a bondsman or other surety.
