Bail Bond Principles and Practices questions with correct answers

Who is an Indemnitor? CORRECT ANSWER-An indemnitor is a co-signer. Co-sign for the bond of the Principle Who is a Principle CORRECT ANSWER-The Principle is the defendant What is a indemnity agreement? CORRECT ANSWER-An agreement signed by both def and indemnitor agreeing to pay and to appear at court on set date. Who is an oblige? CORRECT ANSWER-The oblige is the State of Connecticut Who is the Surety? CORRECT ANSWER-The surety is the bail bond agent posting the bond on behalf of the principle (defendant) What is a premium receipt? CORRECT ANSWER-A premium receipt is a receipt giving to the defendant once the premium of he bond has been paid, whether it be the whole premium or 35% of the premium. What is a power of Attorney CORRECT ANSWER- What is a collateral CORRECT ANSWER- What are trust obligations CORRECT ANSWER- What is a surety bond? CORRECT ANSWER-