Personal jewelry represents another commonly used form of collateral. The value of individual items such as rings, broaches, or necklaces can be difficult to ascertain without a professional assessment. Some bond agencies are therefore understandably cautious about accepting jewelry as collateral.
The bail bond agent will need you to sign some paperwork in order for you to secure their services. This usually means paying an amount to the agent, usually a percentage of the total bail amount, and signing off on any collateral for the bond.
It's like insurance; if the defendant fails to appear in court, the bail bond company can claim the collateral to recover their losses. This collateral can take many forms, typically including assets like real estate, cars, jewellery, or any other items of significant value.
Valuable personal belongings such as jewelry, artwork, and collectibles can also be used as bail collateral. These items are often easier to liquidate than larger assets like homes or vehicles, making them a more appealing option for some.
Surety bonds are when a defendant or a friend or family member pays a nonrefundable percentage of the total bail amount to a bondsman upfront to get out of jail during their trial period.
Bail bondsmen are generally not too picky about what kind of collateral they will accept. Real estate and houses are commonly put up in cases with a high bail requirement, but defendants can also use jewelry, stocks, bonds, and other investments and valuables.
Bails. The part of the pendant that goes over the chain is called the bail or bale. This holds the piece to the chain. Jewelers typically attach bails to metal pendants.
Comments Section You have to take it to a jeweler to have the bail change. The loop on the top of the bail would have to be cut off. Then a tiny jump ring facing the same way as the pendant soldered on than a traditional large bail (or large jump ring) for the chain to go through.
The bail is normally placed in the center of the necklace where the pendant hangs. Some bails are made so a pendant can be attached after the necklace production is completed.
For small pendants or stones (up to 10mm), a bail size ranging from 6mm to 8mm usually works well. Medium to large pendants (10mm to 25mm) typically require bail sizes from 8mm to 11mm.