What type of bond requires a defendant to post a dollar amount for release?

A financial bond, often referred to as a secured bond, requires the defendant to post a specific dollar amount as a guarantee for their release from custody. This bond ensures that the defendant has a financial stake in appearing for their court dates; if they fail to do so, the posted amount can be forfeited. The requirement for a dollar amount in this type of bond signifies that it is backed by cash or collateral, providing assurance to the court that the defendant is likely to comply with legal obligations.

In contrast, non-financial bonds, like unsecured bonds, do not require an upfront financial commitment from the defendant; instead, they might involve personal recognizance where the defendant promises to return to court. Surety bonds involve a third party, typically a bail bondsman, who guarantees the bond amount on behalf of the defendant, while informal bonds often refer to arrangements that do not involve formal procedures or documentation. Each of these alternatives serves different purposes and conditions, but they do not typically require the posting of a specific dollar amount from the defendant as a condition of their release, distinguishing them from a financial bond.