LSDefine
Simple English definitions for legal terms
A quick definition of bail absolute:
Bail absolute is a type of bond that makes someone
responsible for an estate's funds if an
administrator, executor, or guardian fails to
account for them properly. Bail can also refer to the process of releasing someone from jail by providing security for their future appearance in court. This security can be in the form of cash or a bond. Sometimes, a person can be released on their own
recognizance, which means they promise to come back to court without providing any security.
Excessive bail, which is unreasonably high, is not allowed under the law. When someone is bailed out of jail, they are released after someone else provides the security.
Personal property can also be bailed, which means it is placed in someone else's trust.
A more thorough explanation:
Definition: Bail absolute is a type of fiduciary bond that holds a surety liable if an estate administrator, executor, or guardian fails to properly account for estate funds.
Example: If a person is appointed as an executor of a will, they may be required to post a bail absolute bond to ensure that they properly manage and distribute the estate's funds. If they fail to do so, the surety on the bond will be held liable for any losses.
This example illustrates how bail absolute is a form of financial security that ensures responsible management of funds in certain legal situations.
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