"What is a collateral bond?"
depends on the collateral supporting the bond.
debenture
collateral
security for a loan or outside of what was intended (collateral damage)
They can refuse if the loan outstanding is much more than the collateral provided. Ex: If you have a loan outstanding of 100,000$ and you have provided a collateral of 50,000$ you cannot expect the bank to release any collateral. Lets say your outstanding is only $30,000 then you can expect the bank to release a certain portion of the collateral atleast $20,000
A collateral bond is a type of bond that is secured by physical assets or property. These assets act as collateral and can be used to repay bondholders in case the issuer defaults on the bond. Collateral bonds typically offer lower risk for investors due to the added security of the collateral.
Yes
depends on the collateral supporting the bond.
debenture
When a Bail Bond Company writes a bond, they are responsible for the bond amount if the defendant fails to appear. The indemnitor (person who gives collateral for the bond) is responsible to the extent that they will lose whatever they gave the bondsman for collateral if the bond is forfeited. That is why bond agencies try to find the defendant and bring him to jail before the bond forfeiture hearing, so they do not have to pay the courts the amount of the bond. Bond companies pay the courts in CASH regardless of what type of collateral was used for the bond.
Based on the bail bond agent that you are working with, they may or may not accept your automobile as collateral. That is typically up to the individual agent. Determining factors typically will include the size of the bond, the condition and market value of the car, etc.
A non-surety bond is a guarantee by the signer for the amount of the bond. There is no cash or property required as collateral. In the court system, a non-surety bond can also guarantee a "promise to appear".
A convertible debenture is a type of convertible bond. However, a debenture is unsecured debt, which means that there is no collateral for the bond. The alternative to a debenture would be a secured bond such as a mortgage bond that would be secured by real estate. If the company goes out of business, the collateral for the secured bonds would be used to pay off those bonds and the holders of the debentures would be paid from whatever is leftover. Most convertible bonds are debentures.
yes, ten percent and collateral that is worth the amount of the bail.
Most likely not, especially if you dealt with a bail bondsman. They don't have time for childish games.
You can get a bail bondsman to work with you if you don't have all the money needed by offering up collateral. Collateral such as a home or car can be used to make up the difference of the bond in most cases.
An indemnitor has no standing as fare as the bond is concerned. His main responsibility is to guarantee that the defendant will appear in court and if that individual does not appear the indemnitor will then become the primary guarantor for the face value of the bond. If the indemnitor wants to withdraw from such responsibility he could contact the bail agency and request to be removed as guarantor on the bond. The bail agency at that point can choose to revoke the bond since the indemnitor is no longer willing take responsibility. The indemnitor will have to pay the cost involved with surrendering the defendant. What you need to remember is that the indemnitor is like the collateral on the bond if such collateral doesn't exists then the bond agency has no choice but to revoke the bond. for more information on surety bail bonds go to http://www.bailbondslocal.com/What-Bail.php Thank you, Andrew Sterling Sterling Bail Bonds