Q:

What is a personal recognizance bond?

A:

Quick Answer

A personal recognizance bond is an obligation freely entered into before a common law court to take up and execute some duty, according to Dictionary.com. This specified act is often simply to return to the court at the appointed time to face charges and is essentially a promise that the defendant has to make in lieu of posting large sums of cash as a bond.

Continue Reading

Full Answer

Personal recognizance is a common legal concept in the United States, United Kingdom, Hong Kong and Canada, according to Wikipedia. It always takes the form of the person before the court recognizing a debt to the state and agreeing to behave in a specified way in order to repay that debt.

Wikipedia states recognizances are most often encountered regarding bail in criminal cases when the defendant agrees to return to court for trial on a particular day in order to avoid further imprisonment pending trial. Another common recognizance is to keep the peace, in which the defendant acknowledges a criminal debt to the state, usually for a minor infraction, and the court discharges that debt on the condition that the defendant simply abstain from violating the law going forward.

Defendants released under such circumstances are said to be released "on their own recognizance." Sometimes, the term is abbreviated RoR, for "released on recognizance." More commonly in the United States, the term will be further abbreviated to "OR."

Learn more about Investing

Related Questions

  • Q:

    What are some safe ways to invest money?

    A:

    Having a savings account, certificate of deposit, acquiring a savings bond and treasury bills are some safe ways to invest money as of 2015. An individual can invest his money in the above ways and not worry about it, according to Money Crashers.

    Full Answer >
    Filed Under:
  • Q:

    What is a cash bond?

    A:

    Washington state attorney Bradley Johnson states that a cash bond, also known as a cash-only bond, is a bond in which the inmate is released from jail only when that inmate can pay the full amount of the bond in cash. In this case, a surety bond is not accepted.

    Full Answer >
    Filed Under:
  • Q:

    What types of municipal bond funds does Vanguard offer?

    A:

    Vanguard offers long-, inter- and short-term municipal bond funds. Specific funds are for state-issued bonds that include California, Massachusetts and New York. The state municipal funds provide relief from both federal and state taxes for individuals residing in those states. Vanguard also offers a high-yield municipal bond fund and an index tracking bond fund, according to the company website.

    Full Answer >
    Filed Under:
  • Q:

    What are the different kinds of bonds available for purchase in the United States?

    A:

    Common bond types include U.S. government bonds, municipal bonds and corporate bonds, according to Investopedia. Different bonds, such as convertible and callable bonds, also offer varying payment schedules and terms.

    Full Answer >
    Filed Under:

Explore