What is a bail bond?
A bail bond is the document that is presented to the court to secure the release of a defendant who is in custody, and to ensure the appearance of the defendant at all required court hearings.

How does a bail bond work?
Typically, a bail amount is set by the local court jurisdiction following the arrest of a defendant.  A family member, a close friend, or sometimes the defendant will contact a bail agent to arrange for the posting of the bail bond.  The family member or friend that is guaranteeing the bond, also known as the indemnitor or co-signer, will complete paperwork and pay the premium, which is a percentage of the bond amount.  By signing the paperwork, the indemnitor is guaranteeing that he or she will pay the full amount of the bond if the defendant fails to appear in court.  Typically, collateral is taken from the indemnitor to secure the guarantee.

How does the collateral process work?
Sometimes the bail agent will require collateral to secure the guarantee of the bond and ensure the defendant’s appearance in court. Collateral is anything of value that is pledged to secure the bond, such as cash, property, jewelry, etc. Upon complete resolution of the defendant’s case and payment of all premiums in full, the collateral is returned to the indemnitor.

Who is an indemnitor/guarantor?
An indemnitor/guarantor is an individual, usually a friend or family member of the defendant, who agrees to indemnify the bail agent against a loss.