Criminal Bond Types In North Carolina
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Secured bonds are secured with collateral, e.g. by an asset or assets of commensurate value. Unsecured bonds are not secured with collateral, but investors who buy these bonds put their faith in the creditworthiness of the issuing company.
Having a secured bond means that the defendant has more at stake. If they fail to appear in court, the collateral provided can be seized or forfeited to the court. It's a way for the court to ensure that the defendant has a significant reason to comply with all court requirements.
There are several different types of bail bonds, including but not limited to: Surety Bonds: Surety bonds are the most common type of bail bond and involve a bail bond agent or surety company providing a financial guarantee to the court that the defendant will appear for their scheduled court appearances.
