There are four main types of bail bonds used in the industry; however, depending on the particular jurisdiction, city, it may differ slightly and state that the bonding occurs. The four most common bail bonds used to secure the release of a prisoner from prison are security bonds, cash bonds, federal bonds, and immigration bonds. Each type of bond has another way of freeing a prisoner from jail. Continue reading to learn more about cash, money, federal bonds, and immigrant bonds; and how to get one in your city or state. Learn more on bail.
Bonds in cash
A cash bond is used in a case where a suspect, relative, or family member offers to pay the bail directly in cash. If the defendant meets their arrest ‘s mandatory probationary terms and shows up at all court appearances, the money is returned in full. Since bail is normally thousands of dollars, this is not a suggested choice. For more important or immediate needs this type of cash can be saved; rather than using it to get a release from jail. This bond form was a common choice for elite individuals, celebrities, professional athletes and other exclusive classes.
Surety bonds are another popular choice for getting a release from jail after an arrest. Surety bonds work like this: once a person is arrested and taken into custody, another person or themselves may contact a professional compensator to assist in the bail process, such as a bail bondman. These forms of bail bonds usually provide some kind of collateral for the amount needed for the bail. It is because the person released on bail would most likely have additional court stipulations, such as substance testing and treatment, that have to be met or the compensator assumes responsibility for the whole bail amount. So most likely the personal signing of the bail bond will have to pay a non-refundable fee (a percentage of the full bail amount) as the collateral. This form of bail bond is most common among the population at large.
Federal Government debt
Such bonds are not as frequent as the above ones. This is because they’re not seen in a federal crime situation. Crimes like these include embezzlement, tax avoidance, abduction, bank robbery, hi-jacking aircraft, counterfeiting and more.