Collateral is a term used to cover something that is pledged as security for repayment of a loan. Collateral is forfeited in the event that the original payment for the loan does not occur. You may be familiar with the concept of collateral for bank financing purposes, but did you know that it is also […]
Tag Archives: what is collateral
02
Feb
Feb
You definitely do not want that to happen. If you pay for someone’s bail bond and they do not show up for court, you will feel consequences. You will have to pay off the bail, more than you would have paid if they showed up for court, and the collateral you pledged will need to […]
16
Jan
Jan
When looking into getting a bail bond, you might come across the term collateral, and wonder what it means. Companies use collateral like insurance. If the defendant is compliant with all the terms of the bail bond, then the collateral is returned back to the original owner. If the defendant fails to make payments on […]