A secured bond requires tangible assets or collateral (property, vehicles, or stocks/bonds) while an unsecured bond relies on the defendant’s promise to pay. The risk in a secured bond is the potential loss of assets, while the risk in an unsecured bond is the financial obligation to pay the full bond amount if the defendant fails to appear in court until the case is disposed. Any collateral used to guarantee a bail bond is returned after the final case disposition and all bail bond premiums are satisfied.