When an individual is arrested, they typically have the option to post bail to secure their release. However, the financial burden of bail can be insurmountable for many. A bail bondsman can pay the full bail amount on behalf of the arrested person and ensure their freedom in exchange for a fee and a commitment to appear in court. It is worth noting that bail bondsmen offer various types of bonds, each with its own distinct set of regulations and prerequisites. Here are five common types of bonds that you can receive from a bail bondsman.

Cash Bond
A cash bond is the simplest form of bond. In this type, the defendant or a representative pays the court the entire bail amount in cash. If the defendant fulfills all obligations and attends all court proceedings, they will receive a full refund at the conclusion of the case. Failure to comply, however, will result in forfeiture of the funds to the court.

Surety Bond
A surety bond, also referred to as a bail bond, is the most commonly issued type of bond by a bail bondsman. In this arrangement, the bail bondsman covers the entire bail amount in exchange for a fee and the defendant's commitment to appear in court. Should the defendant fail to appear, the bail bondsman assumes the responsibility of paying the full bail amount. Typically, collateral such as property or a vehicle must be provided by the defendant or someone on their behalf.

Property Bond
With a property bond, the defendant or someone on their behalf puts up property as collateral for the full amount of the bail. This type of bond is only available in some states and counties and usually requires a judge's approval. If the defendant fails to appear in court, the court can place a lien on the property and eventually sell it to recover the bail.

Immigration Bond
An immigration bond is required for non-U.S. citizens who are detained by immigration authorities. This bond ensures that the defendant will appear for all immigration proceedings. The amount of the bond varies depending on the individual case and can be quite high, sometimes reaching into the hundreds of thousands of dollars.

Federal Bond
A federal bond is required for defendants who are facing federal charges. The rules regarding federal bonds are stricter and more complex than those for state bonds. The amount of the bond is also usually higher than for state bonds. It is important to work with a bail bondsman who has experience with federal bonds if you or a loved one is facing federal charges.

Gaining a clear understanding of the distinctions among these bonds empowers you to make the optimal choice for your circumstances. Contact a company such as Steele Boys Bail Bonds to learn more.