Although Melissa doesn’t wish to stay in jail whereas her courtroom case is being reviewed, she doesn’t have the $25,000 in money. As such, Melissa decides to reach out to a bail bondsman to be able to post a bail bond. A bail bond is an settlement by a criminal defendant to look for trial or pay a sum of cash set by the court docket. The bail bond is cosigned by a bail bondsman, who costs the defendant a fee in return for guaranteeing the fee. Typically the 10 percent premium is fully earned once the bail bond is posted with a jail or court. That is how bail brokers and their surety corporations make their money and pay their bills. This course of includes a contractual enterprise guaranteed by an admitted insurance company having enough assets to fulfill the face value of the bond.
With a bail bond, … Read More