Glossary Definitions

/Glossary Definitions

Bail Agreements

The Definition of Bail Agreement A bail agreement is a contract made between a bail bond company, and the indemnitor, or the person posting the premium payment to get the defendant released from custody. What a Bail Agreement Entails In a bail agreement, a contract is written up by the bail bond company for the indemnitor to sign and comply by. Normally, these type of agreements include: Name and contact information of the indemnitor The date the bail bond was executed The amount the bond was set at The charges placed against the defendant The court the defendant is required to appear at A signature from the indemnitor, agreeing to all terms When the friend or family member of the defendant signs the bail agreement and pays the 10% premium payment, they are also assuming some responsibilities on behalf of the defendant as well. They are to make sure the

By | 2017-01-02T09:12:42+00:00 June 20th, 2016|Categories: Bail Bonds, Glossary Definitions|0 Comments

Premium Payments

The Definition of Premium Payments In relation to bonds, a premium payment is required to get a friend or family member out of jail or prison custody. This is the set amount of money needed in order to post a bail bond, and to get the individual released from behind bars. How it Works In most cases, when someone commits an alleged crime, is arrested, and put into custody, a judge will set a bond amount for the individual’s case. When this occurs, a premium payment can be made in order to get the individual out of jail and sent home. In most states in the United States, a premium payment is considered 10% of the set bond amount for the individual’s case. Once 10% of the bond is paid to the bail company, the individual can be released from custody. This premium payment can be paid with cash, check,

By | 2016-06-15T09:27:00+00:00 June 18th, 2016|Categories: Bail Bonds, Glossary Definitions|0 Comments

Bail Conditions

The Definition Bail conditions are set for people who have been sent to jail, but were released back into freedom due to someone close to them paying the allotted amount to get them out from behind bars. These conditions are put in place so the individual does not take advantage of their freedom, since they are still awaiting trial or sentencing for the crime they committed. Bail conditions are simple, practical rules that are required of them in order to remain out of jail for the time being, and to keep them out of trouble. These conditions are also commonly referred to as conditions of release. If Someone Violates Bail Conditions If the individual does not comply with bail conditions, they risk being thrown back into prison by the judicial system. In addition, depending on the seriousness of the bail conditions violation, it could place more charges or fines against

By | 2016-06-15T09:27:10+00:00 June 14th, 2016|Categories: Bail Bond Laws, Glossary Definitions|0 Comments

What Does It mean if a Defendant’s Bond is Forfeited (Estreated)?

If you are out on a bond and you fail to show up at court, the judge will often forfeit your bond. This may also be known as an "estreated" bond. At this point there is still some time for remedy, but if the issue is not addressed, you will need to pay the full amount of the bond that you were liable for. If your bondsman put up a $20,000 bond and you paid a $2,000 fee for that bond, the forfeited or estreated bond is going to make you liable for the full $20,000, in addition to your guarantor, and in addition to any other fees that your bondsman has for a bond forfeit. Remedying a Forfeited Bond It may be possible to avoid having to pay the full bond amount, but it requires that your bail bondsman locate you and bring you into court within 180 days.

By | 2016-06-15T09:27:36+00:00 May 25th, 2016|Categories: Bail Bond Laws, Bail Bonds, Glossary Definitions|0 Comments