A secured bond is a type of investment in debt that is secured by a specific asset owned by the issuer. The asset serves as collateral for the loan. If the issuer defaults on the bond, the title to the asset is transferred to the bondholders.

What does secured bond mean in jail?

A secured bond means that the defendant must secure his or her release by posting something of value in the specified amount in exchange for release. A secured bond may be satisfied with cash, a mortgage, or most commonly a commercial bondsman.

Do you get secured bond money back?

Different Ways to Secure Bail

If it is cash bail and you pay the full bail amount, the money will be returned to you if the defendant shows up on all the hearing dates. If he won't, you will never get your money again. Bond can only be discharged if: A defendant found not guilty on the charge.