Difference Between Bond Amount and Bond Premium

by WebMaster on March 1, 2011

What is the difference between bond amount and bond premium?

The bond amount is the full amount of the bail that was set by the court. The premium is the dollar amount owed to the bail agency for posting the bond. Usually this premium is 10% of the bond amount. For example, if the bond amount is $50,000, the premium owed would be $5,000

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