“What is bail or bond?”
Bail is money or property that the defendant is going to put up as a promise to appear for future court dates. This is the price you will pay to bail bond agency in return for their services rendered, as with any insurance.
“What is bail bond collateral?”
Collateral is anything of value such as property, stock, personal belongings, etc. offered to the bail agency to ensure appearing in court. If the defendant fails to appear than the bail agency will assume ownership of the collateral, however once the defendant has appeared at all their court dates and all other agreements have been met, then the collateral will be returned.
“How much does bail cost?”
The cost of bail all depends on the charges brought up against the defendant. Bail will also take into account prior charges or criminal history, flight risk, and public safety. Therefor bail varies from person to person.