Bail is the amount of money that needs to be posted in order for someone to be released from jail. The bail is a deposit to guarantee that the arrestee will make all of their court appearances. For example, if the bail is $10,000. You can either put up the $10,000 cash with the jail or you call a bail bond company. The bail bond company will put up the $10,000 for you. To do this, they charge a fee of 10%. So you would pay the bail bond company $1,000. You do not get this $1,000 back. If you posted the full $10,000 directly with the jail, you would get the full $10,000 back from the court approximately 6-8 weeks after the case is over with.
In addition to the $1,000 you pay, the bail bond company may ask for collateral. The reason they may ask for collateral is because if the person you bail out skips bail, the $10,000 will have to be paid to the court. The collateral would be used to pay the court.
The bail bond company will try to assess the risk of the arrestee showing up to court along with the financial responsibility of the person signing for the bond (the indemnitor or co-signer) to determine whether or not they will require collateral.
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