Common Bail-Related Terms to Know

Downey Bail Bond Store

Understanding bail and bail bonds is like trying to understand a new language for most people. With professional help from Downey Bail Bond Store, everything is clearer and makes more sense. Plus, bail is met sooner and smoother, with Downey Bail Bond Store. Consultations are free, but if you want a head-start on understanding some basic key terms and what they mean, keep reading!

  • Premium

    This refers to the cost of a bail bond and it will be 10% of the full bail amount. For example, if a judge sets a person’s bail at $50,000, the bail bond would be $5,000. This is non-refundable and can be paid in cash, check, credit, or debit. Downey Bail Bond Store also offers flexible payment plans.

  • Surety Bond

    A bail bond falls into the surety bond category, which is an agreement between the defendant, the court, and Downey Bail Bond Store. The defendant pays the premium while Downey Bail Bond Store will extend surety credit. If the bond is compromised and forfeited, Downey Bail Bond Store will pay the forfeiture to the court, and then the defendant will reimburse Downey Bail Bond Store.

  • Indemnitor or Co-Signer

    This person is responsible for making sure the defendant shows up for their scheduled court date and obliges to any and all other release conditions and agreements. This person may also offer collateral, as security for taking on this role. If they fail, they lose collateral. However, they also have the right to withdraw from this position at any time, at no consequence to themselves.

  • Bounty Hunter

    A bounty hunter works for the bail bond company and will go out and capture defendants, out on bail, who have fled. Upon successful capture of the fugitive, the bounty hunter is rewarded with payment. Bounty hunters must be licensed properly.

  • Collateral

    In addition to the premium that is owed for a bail bond, collateral is often a requirement as well. This most often is in the form of real estate, transportation vehicles, electronics, firearms, and other valuables. Collateral is returned to its rightful owner once the trial has ended.

Ready to talk to Downey Bail Bond Store? We will go over all of this again with you since it is imperative you fully understand what is required, what to expect, and everything in between.

Talk to a friendly agent of ours anytime online or at 877-793-2245.

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Downey Bail Bond Store Is Always There for You

Downey Bail Bond Store

Some people will never need a bail bond, others may need it once and still, some may need it more. It can be disappointing when people need a bail bond, and it gets worse when they need it more than once. Nonetheless, Downey Bail Bond Store is a professional, reliable, and helpful bail bond company. We will help you through any of your bail bond needs.

Downey Bail Bond Store promises fast, confidential service. We do not judge the person or their crime. We are sworn to protect the right to bail, and that is exactly what we will do for you and your loved one. Our bail agents are dedicated to their work. Part of why we do what we do, is because we love being able to help others. The look of loved ones being reunited is priceless.

Whether you are in need for your first, second, or third bail bond, contact Downey Bail Bond Store online, or at 877-793-2245 for your free consultation.

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