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Alleged Pick Axe Attackerin Jail, Bond is $1 Million Form
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People also ask
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Why would a bond be $1 million dollars?
If a court approves a million dollar bail bond, it is typically because they believe the defendant will be able to meet their financial obligations and stay in their community pending the outcome of the case.
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What is the most expensive bond paid?
Robert Dust -- $3 Billion However, Dust bail was later reduced by an appeal court, stating the bail was being used to oppress the defendant. Nonetheless, it remains the highest and most insane bail bond in history.
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How much is one million dollar bond?
That means that a one million dollar bond, quoted at 1%, will cost $10,000. Million dollar commercial bonds are a rare requirement. If you are currently looking for a bond of this size you are more than likely looking for either a Contract Bond or a Court Bond.
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What is the difference between bail and bond?
The terms “bond” and “bail” are sometimes used interchangeably, but they are not the same. Bail is paid out of the defendant's own pocket, while bonds are paid by a bail bond company. Bail requires defendants to pay the full amount upfront, while bonds only require defendants to pay 10-20% of the set bail amount.
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How much is a $1,000,000 surety bond?
$1,000,000 Surety Bond Cost by Credit Score Surety Bond AmountOver 675 (0.5-3%)600-675 (3-5%) $1,000,000 $5,000–$30,000 $30,000–$50,000 *This table provides general estimates. Bond pricing fluctuates due to various factors.
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