If you are curious and your mind has been taken over by curiosity to learn what is a secured bond vs. unsecured bond. Here we go! We shall not forget our first lesson on what bail does for the appearance and release of the defendant who has been put on trial.
The bail is a remedial procedure that is sought with the permission of the competent judge to release the defendant from the custody of the state. The defendant posts for bail before the judge of the competent jurisdiction and the bail is granted to the Defendant then he shall be released from the state’s custody. The first type of bail, is called a secured bond. A secured bail bond can be termed as a secured bond which is a type of Bond which is given by individuals who have been accused and booked of more serious crimes.
How to post for a bail and bail bond?
To secure your bail the court needs to be assured that the Defendant like you shall appear before the Court to pursue his legal proceedings as prescribed by the due procedure of the law. This kind of bail procedure does not come in handy in any case whether you are charged for a felony or booked for any minor offense such as demeanor. Your innocence will be assessed. Your guilt will be considered.
What does $5,000 secured bond mean?
A person might wonder what does $5000 secured bond mean? A $5,000 secured bond means that the person must pay $5,000 or provide property of equivalent value as collateral to be released from custody. If the person attends all court appearances, the money or property is returned. If they fail to appear, the bond may be forfeited.
Secured Bail Bond
A secured bail bond means that the defense side provides money or any other thing of value that serves as protection for the temporary release of the suspect. It can include deeds to vehicles, houses, jewelry money, etc. Secure bonds are needed when an accused person’s relatives submit money or any other asset to release their loved ones from jail. This sum of money or any other item is kept as security by the court to ensure that the suspect will show up whenever called upon. This security serves as a motive for the suspect to show up for his court dates as the failure to may result in the seizure of the surety money or assets as a result his family will incur losses and on the other hand, the family members that put forth the security will also urge the suspect to make sure his timely presence to court dates so that they do not get fined. This serves as a double mode of motivation from the accused himself and his relatives.
Concept of the unsecured bail bond?
An unsecured bail bond means that the defendant does not provide any sort of prior guarantee or security to the court of law; rather he/she will be held liable in case of failure to be present for court proceedings. This is a sort of agreement that is based on merely the word of the suspect in which no other security is given and the defendant will be penalized only after he fails to answer the court call.
This sort of bail is set mainly depends upon factors like the nature of the offense, whether it is of a heinous or minor nature, the criminal history of the defendant, and whether there is any risk of the defendant fleeing the country, etc.
How much do you have to pay on a secured bond?
The amount you have to pay on a secured bond depends on the bond conditions. Typically, for a $5,000 secured bond, you would need to either pay the full $5,000 upfront to the court, or you have to use a bail bondsman, who usually requires a non-refundable fee, typically around 10-15% of the bond amount. In this case, you’d pay $500 to $750, but the bail bondsman covers the rest and keeps the fee as payment.
Find out the difference between secured and unsecured bail bonds:
Remember your collateral will be confiscated if you do not show up for your court date be it in any form, in any shape, or to the tune of anything worth the bail bond. Because it is what is called a secured bond. You are stuck with the Court.
What is a secured bond in legalese?
Under the garb of secured bail, the court only permits you your liberty but it asks you something in return for that liberty: collateral. You are tied to the procedure of law and fleeing away becomes the least likable option for you. You are risking a lot by escaping. It wouldn’t be incorrect to suggest that with the secured bail bonds posted in the Court of law, you have one limb in the court and another one in the world. You are held by your skin in the Court.
What is a unsecured bond?
Again, you might wonder what is a unsecured bond? Your collateral or money is safe with you. You haven’t put anything on the gamble so nothing to lose. Your release is only allowed on your word and commitment to the Court. Only the trustworthy ones are allowed on such types of bail bonds. It is your promise with the court to show up before the court on the date of the hearing. But worry not, the Court is no fool to release you with such ease and never takes any measure which can be used to dodge the court. In case you do not turn up and do not show up for the date of the hearing you are supposed to pay the full amount of bail for such negligence.
Find out the similarities between secured bonds vs. unsecured bonds:
There’s no doubt about the function of both the bail bonds: both of them are clubbed to the existence of the fact that there is a pending trial of where you have been booked in a crime or offense which is before a court of competent jurisdiction. Also, the second similarity that exists for both the bonds is that in case of failure to appear before the Court on the date of hearing as promised in both the bonds; your failure will cost you consequences to observe. The outcomes of both the bonds given in exchange for bail cannot be left unchecked but have their fair share of ramifications.
Which bond suits you more?
Well according to the procedure, it is a vested discretion of the court which type of the bond suits you and your trial best for the best administration of justice. Both of the bonds have their risks, consequences, and benefits as well but the common fate of both is one in case of lapse of any bond.
Conclusion
We have gone through a very detailed learning of secured bond vs. unsecured bond. Here at Midwest Bail Bonding Services, we have a firm belief that our clients shall be equipped with the fundamental knowledge of both types of bail bonds before we offer executive services to them.
Contact our professional experts. We are more than happy to assist you!
Continue Reading: No bond – Lets gain some familiarity with this expression!
