Warning

Info

Warning

Info

Warning

Info

LSDefine

Simple English definitions for legal terms

bail absolute

Read a random definition: remainder

A quick definition of bail absolute:

Bail absolute is a type of bond that makes someone responsible for an estate's funds if an administrator, executor, or guardian fails to account for them properly. Bail can also refer to the process of releasing someone from jail by providing security for their future appearance in court. This security can be in the form of cash or a bond. Sometimes, a person can be released on their own recognizance, which means they promise to come back to court without providing any security. Excessive bail, which is unreasonably high, is not allowed under the law. When someone is bailed out of jail, they are released after someone else provides the security. Personal property can also be bailed, which means it is placed in someone else's trust.

A more thorough explanation:

Definition: Bail absolute is a type of fiduciary bond that holds a surety liable if an estate administrator, executor, or guardian fails to properly account for estate funds.

Example: If a person is appointed as an executor of a will, they may be required to post a bail absolute bond to ensure that they properly manage and distribute the estate's funds. If they fail to do so, the surety on the bond will be held liable for any losses.

This example illustrates how bail absolute is a form of financial security that ensures responsible management of funds in certain legal situations.

bail above | bail-à-rente

Warning

Info

General

General chat about the legal profession.
main_chatroom
👍 Chat vibe: 0 👎
Help us make LSD better!
Tell us what's important to you
WorthlessAttractiveZombie
14:28
damn, next question: should i eat the cheese that's been in my fridge for 3 weeks?
14:28
im pretty sure the world is gonna rejoice??
14:29
yes it is the key to immortality
TheMidwestMonger
14:29
Sorry, I meant the far right and their reaction lol
I live in alabama if she wins it's gonna be crazy here
14:30
same as last time whine that it was rigged go to court lose every time
good thing im bouncing next year
oh yeah
JumpySubsequentDolphin
14:31
why won’t ASU send my scholly info ☹️
WorthlessAttractiveZombie
14:31
they sent mine about 3 hours after i got the initial acceptance video thing
I just wanna hear back from them
14:31
the adcomm office got there at 10 am took a two hour lunch at 12 and left at 3:30 -- trust me im from the year 2076
lol
WorthlessAttractiveZombie
14:32
lavender, they should usually get back within a month of going complete
okie doke, thank u!
JumpySubsequentDolphin
14:35
@WorthlessAttractiveZombie: good to know! I thought I missed SMTH bc someone told me they got their admissions packet before the video lol
BulbasaurNoLikeCardio
14:35
I got school that have me under review for over a month... just hope it puts me in their first wave of As
TackyProudYogurt
14:39
Anyone know if asu releases decisions all at once or if they trickle out throughout the day?
WorthlessAttractiveZombie
14:39
I'm pretty sure it's a trickle because they send you a personalized video too
TackyProudYogurt
14:40
Ah okay so I do need to continue refreshing my email every 10 seconds
WorthlessAttractiveZombie
14:40
I would say potentially. I received my email/video around noon eastern time, and I've seen people get it past 5pm eastern
coolgirl
14:40
Does anyone know if pending decision means I’ll get a response soon? My status changed
WorthlessAttractiveZombie
14:41
oooh which school?
TheMidwestMonger
14:42
^^
BulbasaurNoLikeCardio
14:42
@coolgirl: does it say that on the lawhub portal? My one A this cycle it said pending decision on their applicant portal and that they will email me in 24hrs the results.
coolgirl
14:43
FAMU
coolgirl
14:44
I got pending decision a week ago on my portal but haven’t seen any updates since
JumpySubsequentDolphin
14:45
@WorthlessAttractiveZombie: yours was personalized?! mine wasn’t 🙁
BulbasaurNoLikeCardio
14:45
That would kill my soul, see other people in that schools specific chat saying the same thing. Maybe they give a decision by mail?
WorthlessAttractiveZombie
14:50
@JumpySubsequentDolphin: I mean the dean just said my name and that was it but it’s still technically personalized
LSD+ is ad-free, with DMs, discounts, case briefs & more.