What distinguishes a secured bond from an unsecured bond?

A secured bond is distinct from an unsecured bond primarily because it requires collateral from the defendant. This collateral, which could be property, cash, or other tangible assets, serves as a guarantee that the defendant will appear in court as scheduled. If the defendant fails to comply with court appearances or obligations, the collateral can be forfeited to cover the bond amount.

In contrast, an unsecured bond does not require any collateral. Instead, it involves a promise from the defendant to appear in court, often backed by their own signature or creditworthiness. The distinction between secured and unsecured bonds is significant in determining the level of financial risk and obligation both for the defendant and the bond issuer.