Let\u2019s see how the concept of the bail bond came into existence:<\/p>\n
The Anglo-Saxon era<\/h2>\n
The term \u2018bail\u2019 came about back in the Anglo-Saxon period<\/a> to help citizens settle disputes. There were three main parties involved in the process: the accused, the victim, and the surety.<\/p>\n The surety would promise to pay the amount to the victim if the defendant decided to flee. Back then, bail wasn\u2019t used as a way to be released from jail.<\/p>\n It was just the defendant\u2019s way of assuring that the victim would be paid if need be. This concept of bail originated in the United Kingdom and later spread to the rest of the world.<\/p>\n Things changed when America formally passed the Judiciary Act of 1789<\/a>. This law stated that any law that didn\u2019t impose a death sentence was bailable. Over the next few decades, defendants looked for family and friends who would agree to act as sureties.<\/p>\n Then came the Bail Reform Act of 1984. This law permitted the release of defendants on a pre-trial basis by paying the least possible amount.<\/p>\n Much credit for bail in its current form goes to a pair of brothers hailing from San Francisco. Back in the year 1898, these two brothers overheard a conversation between two individuals loaning money to pay for their father\u2019s bail.<\/p>\n This gave Peter and Thomas McDonough the idea to open up the first-ever bail bond underwriting service at the Hall of Justice of their neighborhood. After their venture took off, many other similar businesses came into being. Fast forward to 2017, the bail bond industry in the US has generated hefty revenues of $2 billion.<\/a><\/p>\n![\"court](\"https:\/\/delaughterbailbonds.com\/blog\/wp-content\/uploads\/2019\/05\/court-ruling.jpg\")
<\/p>\nThe American Way<\/h2>\n
Bail bonds\u2014a thriving business<\/h2>\n