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BAIL A dollar amount set by the court. A financial incentive to guarantee that the accused will appear for trial.
BAIL AGENT A licensed agent, usually representing an Insurance Company, that is licensed, to write BAIL in a particular jurisdiction.
BAIL BONDS A written document or contract with the jail/court, signed by the surety to secure the defendants release from custody; and to guarantee his/her appearance in court.
COLLATERAL Something of value posted with the Bail Agent, to secure the Bond; usually cash or property.
CO-SIGNER A person that will personally and financially guarantee the defendants appearance in court, also called Indemnitor.
EXONERATION When the Surety Company and the Co-Signer are released from the Bail Bond Guarantee. Usually when the defendant is sentenced.
FAILURE TO APPEAR (FTA) An additional charge; because the defendant did not appear in court, as ordered.
FORFEITURE When the defendant fails to show for court while on a Surety Bond; the court declares a bond forfeiture and orders the bail amount paid to the court. (varies per court from 10--180 days)
PREMIUM An amount of money that the Bail Agent requires to secure the defendants release. (usually 10--20% of bail amount, depending on type of bond and State.
PRINCIPAL The defendant, accused, arrestee, or perpetrator.
RECALL When the Bail Agent re-arrests the defendant and is released from the Bond. The Bail Agent surrenders the defendant back into custody.
RISK Synonymous with liability. The amount of liability one accepts. A Bail Agent accepts a certain amount of risk; when that risk factor changes, the surety may have the option to recall the bond.
SKIP When the accused intentionally, and/or negligently fails to appear for court, as ordered.
SURETY The Insurance Company, Bail Agent and/or the Co-Signer on a Bail Bond, that guarantees the defendants appearance in court.
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