What is a bail bond primarily used for?

A bail bond is primarily used to guarantee that a party will appear in court. When an individual is arrested and charged with a crime, a bail bond allows them to be released from custody while assuring the court that they will return for their scheduled court dates. The bond acts as a financial assurance; if the individual fails to appear, the bail bond company, which has put up the money to secure the bail, is responsible for paying the full bail amount to the court.

The other options do not accurately reflect the primary purpose of a bail bond. Funding litigation expenses relates to covering legal costs during a trial, which is not the function of a bail bond. Securing a loan for the principal does not align with the bond’s role, as bail bonds are not designed to provide funding for loans. Insuring property during a trial also misrepresents the function of a bail bond; bail bonds are specifically focused on ensuring the accused’s appearance in court rather than covering property or trial-related insurance needs.