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What do you mean by the term surety in bail bonds?
In terms of bail bonds, a surety is a third party that pledges or promises money or property as bail (assurance to the court), for the court ordered appearance of an accused person.
What does SB mean in regards to bail bonds?
SB aka SURETY BOND
Commission rates for bail bonds?
General commission rates for a bail bonds company is 10% depending on the rate set by your state. However most bonds are backed by a surety company or a general bail bond agents property. Therefore an individual Missouri Bail Bonds agent can expect to earn anywhere from 2%-7% on each bond as they must pay their GA or Surety on each bond executed.
Money to guarantee appearance in court?
Bail bond Surety bond. Bail
What is a commercial bail?
Commercial bail refers to those instances when the bail bond is posted by a bail bondsman. Commercial bail is often referred to as surety bail bonds. When commercial bail is used, the bonding company is an insurer against the defendant failing to appear in court. The insuring bonding company's premium for is a percentage of the total bond amount (usually 10%).
bail bonds?
bail bonds
What is the difference between bearer bonds and bail bonds?
A "bearer bond" is financial instrument that can be converted into money. A "bail bond" is a sum of money that has to be put up as surety against someone turning up for a court appearance. If they fail to appear the bond is forfeit.
Which bail system requires the defendant to pay a percentage of the bond to a bonding agent who then posts the full bail amount?
Surety bail system
What is the definition of bail?
Bail is the property or money given as surety that a person released from custody will return at an appointed time.
What are synonyms for bail?
security, bond, guarantee, pledge, warranty, surety
What is exonorated bail?
Exonerated bail means that the case has been disposed of and the court will no longer require the surety on the bail bond to produce the defendant for court proceedings.
What is a Another word for bail?
security, surety, bond, payment and financial guarantee.
