Types Of Bonds
TRANSFER BONDS
If you or a loved one is arrested in another county or state, a transfer bond can be posted. With a transfer bond, family or friends can sign the necessary paperwork on your behalf and bail you out. The bond is equivalent to a cash bond or a surety bond.
COLLATERAL BONDS
Collateral refers to a security deposit the Principal (bond applicant) provides to the Surety (Bond Company) to be approved and issued a bond that is rather difficult to achieve. The collateral aims to reduce the surety’s risk and exposure and makes supporting the bond more favorable.
SIGNATURE BONDS
If you qualify to post a bond for your loved one without additional collateral to secure it, this bond will only require your signature on a contract stating that you will repay the bonding company if the defendant fails to appear.
RELEASE ON RECOGNIZANCE
This type of arrangement is typically abbreviated as ROR. It means that a judge will release the defendant on his or her own merit. The person is released with the judge’s trust that he or she will make all required court appearances voluntarily. ROR is typically granted to first-time offenders who do not commit serious crimes, and it may be granted to people who honored ROR agreements in the past. If it is denied, bail is set on the basis of money or special conditions.
COUNTY / CIRCUIT BONDS
MISDEAMEANOR / FELONY