Bail Bond: A bail bond is a type of financial instrument used to guarantee that a court-ordered monetary obligation will be paid. It typically involves the defendant or an interested party posting a specified sum of money as security to ensure the appearance of the accused in court. In essence, a bail bond serves as a form of insurance for the court, ensuring that the accused does not flee and face justice. A bail bond is often seen as a last resort option, since it can be expensive and challenging to obtain. But when used appropriately, it can provide individuals with the freedom to seek legal representation while awaiting trial.