A bond is a financial instrument which is used as a form of guarantee or a promise. It serves as a guarantee that the suspect will appear in court for hearing. Each type of bail bond requires a type of backing or collateral that may be in cash. This type of cash can be provided by an individual or by the Surety Company that acts on behalf of individual or companies.
If you want some clarity on as then a surety bond associates with three parties while a cash bond engages two parties. For instance, if a bail bond is…Read more