In order to complete a bail bond application, collateral is required. Collateral is pledged as security for payment. If the original payment or agreement is broken, than the collateral is forfeited from the owner to the person it is then owed to. The most common forms of collateral are real estate, vehicles, electronics, and valuables. […]
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Before you agree to a bail bond company and their payment plan they set you up on, you’re going to want to know and be very well versed with the following common terms that are associated with bail and bail bonds. By knowing and understanding these following terms, understanding the bail process and how that […]