Final answer:
Types of bail bonds include cash bonds, surety bonds, and property bonds.
Step-by-step explanation:
Bail bonds are a type of financial contract that allows a person accused of a crime to be freed pending trial by paying a fraction of the full bail amount.
There are different types of bail bonds such as cash bonds, surety bonds, and property bonds.
Cash bonds require the defendant or someone on their behalf to pay the full bail amount in cash.
Surety bonds involve a bail bondsman who pays the full bail amount in exchange for a fee paid by the defendant or their representative. The bail bondsman is then responsible for ensuring that the defendant shows up for their trial.
Property bonds allow the defendant or their representative to use a property as collateral instead of paying the full bail amount. If the defendant fails to appear in court, the property may be forfeited.