What is the term for the financial assurance required by a court for an individual to perform a specific act, such as court appearances?

The term for the financial assurance required by a court for an individual to perform a specific act, such as appearing in court, is known as a bond. A bond serves as a form of security that ensures the individual will fulfill their obligations, such as attending court hearings. If the individual fails to meet these obligations, the court can forfeit the bond, which means that the funds can be taken to cover any penalties or costs associated with the non-compliance.

This concept is critical in the judicial process as it provides a mechanism to encourage compliance with court orders while allowing the accused to remain out of custody pending trial. By requiring a bond, the court balances the need for accountability and the presumption of innocence until proven guilty.