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I believe they don't have to be cashed, but there are two issues if you don't cash them.
They no longer earn interest.
You have to report the income on your tax return, whether you cash them or not;)
So your better off cashing them after they mature, and reinvesting the money to continue to earn interest and getting the receipt to report the interest on your income tax return so you don't get in trouble with the IRS.
First off, you are on the WORLD WIDE WEB. There are folks viewing this articles from virtually every country and continent on the planet. There are hundreds, if not thousands of jurisdictions that issue bonds of various type, names, and denominations. If you want a concise answer to the question, you must let us know where you are and where you got the bond issued from. Then someone MAY be able to assist you in you quest.
when a person is arrested by police, they will need to post bail to out of prison at the trial time.
If the judge approve the bail and set a bail amount that goes about as act between the court and defendant. At this time need a bail bond Agent or bail bondsman.
bail bond works in various ways:
If the full amount of bond is filled by the defendant this is called cash bond.
Everything of the bond is posted by the bail bondsman or for the benefit of the defendant in what is known as a money security. On the off chance that they defendant goes to all court dates, the contributor of the money security will get back their cash, less any court costs, court charges, fines, and other criminal punishments.
A surety bond is obtained through a bail bondsman. The buyer pays a set charge to a bail bondsman who thus gives the court the bond. For whatever length of time that the respondent does not miss any court dates, no further monies are paid to the bail bondsman.
On the off chance that a respondent skips court trial and doesn't show up at a court date, the bail will be diffused . At this time, a defendant bail is paid through a bail bondsman, the bail bonds man has the power to find the litigant and surrender him or her to the court.