This is a bond that is posted by a surety (KY Bailbonds) having adequate assets to satisfy the face value of the bond. KY Bailbonds guarantees to the court that they will pay the bond if a defendant fails to appear for their scheduled court appearances.
For this service, the defendant is charged a premium 10% to 20% of the full bond amount. All bonds must have a friend or relative co-sign a contract promising their appearance in court or use collateral to secure the bond.
By involving the family and friends of a defendant, as well as through the acceptance of collateral, the bail agent can be reasonably assured that the defendant released on a surety bond will appear at all of his/her court appearances.