A bail bond agent is an agency, a person, or corporation that pledges property or money as bail and acts as surety for a defendant who is supposed to appear in court. Now since many people are not able to bail themselves out due to financial constraints, to be released,…
Before determining whether bounty hunters are allowed by law to break into a fugitive’s home, it is crucial to first understand who these bounty hunters are. They are also referred to as bail enforcers or bail enforcement agents. They are the people responsible for seeking out fugitives and rewarded with…
An unqualified opinion is an opinion given by a bond counsel to the issuer of municipal bonds. There are no reservations usually that relate to the issue directly. A bond counsel can be said to be the attorney that represents the corporate interests upon a bond offering. An unqualified opinion…
A surety bond can be said to be an agreement between three parties that legally binds them together. The parties involved include the principal who usually is the person in need of the bond, a surety company that is selling the bond, and the obligee that needs the bond. This…
An open court bond simply means that the accused cannot be granted bail to bring him out of jail directly. The only way that this person can bond out is by engaging in an open court hearing, and the judge enforces a bond requirement on the accused. There are several…
Understanding who a bond counsel is very crucial. Technically, this is an attorney who prepares the official opinion saying that the government is authorized to give out a municipal bond. A new issue of the municipal bond is needed to acquire the bond counsel’s statement. Role of Bond Counsel in…
Many people do not still understand what inactive bond status means. Well, bonds can become inactive, and that could be due to several factors. Several people confuse it with inactive bonds. An inactive bond is a security that trades in small volumes daily. They are also referred to as illiquid…
In case you are arrested for any crime in the US, you have the option to be bailed out until the hearing date. There are different categories of bails that you can be given, but the most common is the surety bond. That is where a third-party comes in to…
A bond date is usually the closing date of the bond. It is the date in which the bond was issued and delivered. It is also the date when the exchange of the bond for the cash or property takes place. It is typically the purchase of the bond by…
Surety bonds are like an insurance policy for the person who requires the bond. Many are the times where the government agency is the obligee, and so a bond is presented to cover the government and citizens from any losses that may arise as a result. This obligee will need…
