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Generally, a person entering into a peace bond doesn’t have to deposit money with the court. However, they do need to pledge an amount of money to the court – usually $500 or $1000, but the amount can be higher or lower. A peace bond is a recognizance, similar to a recognizance of bail.
By pledging money, the person is agreeing that if they break one or more of the conditions of the peace bond, they may have to pay money to the court.