We’ve discussed many different topics related to bail bonds on this blog. From “What to Do if a Loved One is Arrested,” to common terminology related to bail bonds, we’ve covered many different aspects of the industry, and the process for helping loved ones get out of jail. There is one question we haven’t directly answered, however: What is a bail bond? Today, we’re going to take a close look at what a Logan County bail bond is, and how it can help you after a friend has been arrested.
What is a Bail Bond? The Simple Definition
There is a lot of information available about bail bonds, and much of it can be confusing. Simply put, a bail bond is surety (or a promise) that is issued to the court by a bail agent. This promise assures the court that the full bail amount will be paid if the defendant the bond released skips bail. Obviously, this definition requires a knowledge of bail practices. Let’s take a closer look at this process.
What is Bail?
In order to answer the question, “what is a bail bond?” you need to understand bail. When someone is arrested for an alleged crime, the court decides on a certain amount of money that must be paid in order for that person to be released as they await trial. The purpose of this money is to act as a kind of insurance – it provides a reason for the defendant to return and face justice. If they skip town, the money will be lost, and a warrant will be issued for their arrest.
Bail Bonds: A Faster, More Affordable Option
There are many reasons people choose bail bonds as the option for bailing loved ones out of jail. The two biggest reasons are:
- Bail Bonds Are Fast
- Bail Bonds Are Cheaper
Many bail options require payment in full, or putting up property or other valuables as collateral. It takes time to come up with large amounts of money, and it can be time-consuming to gather information for a property bond. Bail bonds are much faster, because you only have to pay a small fee to obtain the bond. This leads us into the second reason bail bonds are so popular: They are cheaper. Instead of coming up with thousands of dollars to obtain the release of a friend, you can pay a small fee (in Colorado, the maximum fee is set at 15% of the full bail amount), and your friend will be released. Call All Day All Night Bail Bonds to learn more and get a more in-depth answer to what is a bail bond? We are here to help and provide the information you need. Call us 24/7!