The Ultimate Legal Dictionary
PracticePanther compiled a list of the legal terms and definitions every
attorney, paralegal, and law student needs to know when running a law firm.
Bond Forfeiture
DEFINITION
Bond forfeiture is the enforcement of a guarantee. This can apply to any bond but the best example is the bail bond. Most commonly, bail bonds are forfeited when a defendant misses a court date. The bail bondsman or bondswoman must then pay the outstanding bail. Depending on the amount of money owed, those bondsmen may seek out the defendant and return them to the courts. Sometimes, they hire bounty hunters or they may look for the person on their own.
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