subject: Fundamentals of Bail Bonds [print this page] People who are arrested on charge can get temporary relief through bail bonds. These bonds are a kind of legal procedure that grant the freedom to people under trial on a contractual basis. Here, a person called bondsman acts as a guarantor of the arrested person to take the liability and gives a word before the house of court for a promised appearance on the hearing dates for the case proceedings.
In normal cases, kith and kin approach bail bondsman for seeking the early release of the loved ones from the jail. For drafting a bail bond, the defendant's family has to pledge a certain amount of money which is set as a bail amount. This particular amount of money has to be submitted with the court where a percentage of money will go to the bond expert for his or her services. After the signing of the bond paper, the person who is acting as a guarantor will be liable to pay the amount in absence of the defendant during the dates of the court summons.
In some cases, bong experts seek a collateral that works as a security of the contact. A collateral signifies the situation when the defendant is unable to pay for the legal circumstances and in a way nullifies the conditions of the contract. In order to recover the amount of money to be included in the contract, the guarantor party has the right to sell off the collateral in order to get back the monetary loss in his or her part.
