
There are a lot of different aspects to bailing someone out of jail. Some things, such as giving information about a loved one to a bail agent, are easier to understand. Other things can be completely new concepts to people. One example of this would be collateral. Some people have never heard the term before and have no idea what it means or how it applies to bail.
Collateral is something that often pops up when large sums of money are being loaned to others. In its simplest form, collateral is something of value that a client pledges as an insurance that they will pay back the loan. The collateral has to be equal to or greater in value to the amount of money loaned. If the client fails to pay off their loan, then the company keeps the pledged collateral as payment for the loan.
Collate...
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