Bail bonding is a complex industry with its own set of terms and phrases. Understanding these terms can help you navigate the bail bonding process more effectively, whether you are a defendant, a co-signer, or a friend or family member of someone who has been arrested. Here are some of the most common terms you should know while working with the
Bail: This refers to the amount of money that must be paid to the court to secure the release of an arrested person.
Bail Bond: A bail bond is a type of insurance policy that pays the court the full bail amount if the defendant fails to appear for their court date.
Bondsperson or Bail Bondsman: This is a professional who provides bail bonding services. They post bail on behalf of the defendant and take responsibility for ensuring that the defendant attends all court hearings.
Co-Signer: A co-signer is a person who co-signs the bail bond agreement and is responsible for paying the full bail amount if the defendant fails to appear in court.
Premium: The premium is the fee charged by the bondsperson for their services. This fee is typically 10% of the total bail amount.
Indemnitor: An indemnitor is the person who is responsible for paying the bondsperson if the defendant fails to appear in court. This person is typically the co-signer.
Surety: A surety is a type of insurance policy that provides a guarantee to the court that the defendant will appear for their court date.
Collateral: Collateral is property or assets that are pledged as security for the bail bond. This collateral may be used to cover the full bail amount if the defendant fails to appear in court.
Fugitive Recovery Agent: A fugitive recovery agent, also known as a bounty hunter, is a professional who is hired by the bondsperson to locate and return a defendant who has failed to appear in court.
Bail Forfeiture: Bail forfeiture occurs when a defendant fails to appear for their court date, and the bail bond is forfeited. This means that the full bail amount must be paid to the court, and the co-signer or indemnitor is responsible for covering this cost.
Release on Recognizance: Release on recognizance, also known as OR bail, is a type of bail that allows the defendant to be released from jail without having to pay bail. This type of bail is granted based on the defendant’s promise to appear in court.
Cash Bail: Cash bail is a type of bail that requires the full bail amount to be paid in cash to the court. The defendant is released from jail once the bail has been paid.
Property Bond: A property bond is a type of bail that requires the defendant or co-signer to pledge property as collateral for the bail bond. The property is used to secure the bond and is returned to the defendant or co-signer once the defendant has appeared in court.
Understanding these common bail bonding terms can help you navigate the bail bonding process with confidence. If you have any questions or need help posting bail, contact a bonding company in Birmingham Alabama in your area.