Getting arrested is one of the most stressful situations one can find themselves. After being processed by the police and meeting with the judge, it’s then decided whether bail will be granted and at what amount the accused has to pay to retain their freedom. It is around this moment that most people contact a bail bondsman. Understanding the process and terminology of bail is best learned before you have to go through the rigors of the process. The following are a handful of terms worth knowing in the event you need bail bond services.
What exactly is bail, you ask? Bail is money posted in order to be released from custody until the time that the court orders them to re-appear. The money posted is used as a means to make sure the accused will return to court.
This refers to the conditions the accused is required to abide by in order to secure their release. These may include things like not communicating with a particular person or staying in their residence at specific times. Failure to follow these conditions may result in being returned to custody.
If the bail amount set by the court cannot be paid, assistance may be required from a company that can guarantee the full amount to the court. The accused typically pays 10 percent upfront, then the company will post a surety bond with the court for the full amount. If all appearances are made when required, the debt is dissolved and the bond company keeps the 10 percent.
Collateral refers to the assets or property used to secure a bail loan. If the accused does not appear in court when ordered, it may result in forfeiture of the assets posted.
Bail Bond Surrender
When a co-signer has second thoughts they can request for a bail bond surrender. This means they no longer want to be financially responsible for the bail bond. A surrender happens because of financial strain and/or concern about asset forfeiture if the accused does not appear in court on the scheduled date.
Failure to Appear
A legal matter in the courts involves several phases. Some of these, particularly the trial, require the presence of the accused. Hearings and trial dates are publicized and notice is given when to appear in court. If they fail to appear, they may be considered to be violating a bail condition.
Someone who will provide financial services to satisfy court demands in order to release individuals charged with a crime, before a trial. A bail bondsman is usually licensed by the states they operate in.
Someone who is actively avoiding capture by the police or other authorities after being charged with a crime. A fugitive is also someone who has been released but does not follow conditions and evades police and those contracted by the bond company to locate them.
If you or someone you know needs a reliable bail bond, it’s a good idea to learn some basic business vernacular so you’re not left in the dark. For a great bail bond service you can trust, contact the professionals at Troy’s Bail Bonds.