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A bail bond is a document presented to a court to secure the release of a defendant who is in custody. It also ensures that the defendant is present at all required court hearings.
The bail amount is normally set by the local court jurisdiction following the arrest of a defendant.
A family member, close friend, or even the defendant, will contact a bail agent to arrange for the posting of the bail bond.
The indemnitor or co-signer (family member or friend who is guaranteeing the bond) will complete paperwork and pay a percentage of the bond amount, also known as the premium.
By signing the paperwork, the indemnitor is guaranteeing that he or she will pay the full amount of the bond if the defendant fails to appear in court.
Collateral is typically taken from the indemnitor to secure the guarantee.
An indemnitor/guarantor is an individual, commonly a family member or a friend of the defendant, who agrees to indemnify the bail agent against a loss.
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