Choosing The Best Collateral For Bail Bonds
You have a relative or close friend in jail, and the judge has set bail. Because of your close relationship with the person who is accused of a crime, you've agreed to guarantee something of value that you own in return for getting a bail bond. The bail bond allows the person charged with a crime to stay outside of jail while awaiting trial, but they must reappear for the trial or what you've put up as collateral will be forfeited.