--the bondsman on NG explained it differently.
--they would have to come up w/ 15,000.00 cash (non refundable).
--then, they would have to have security (Z Sr's house) for
an additional 150,000.00
http://transcripts.cnn.com/TRANSCRIPTS/1204/20/ng.01.html
GRACE: The big headline is that a bond has been granted to the tune of $150,000. Zimmerman does not have to cough up $150,000, to my understanding of the Florida law. In the jurisdiction where I practiced -- out to you, John Von Achen, bail bondsman, Orlando -- doesn`t he have to dig up 10 percent of that in order to get out of jail?
JOHN VON ACHEN, BAIL BONDSMAN (via telephone): Yes, he does, Nancy, $15,000.
GRACE: And what part of that, John Von Achen, can be the house? Can they put the house up for collateral?
VON ACHEN: Well, that`s a separate issue. The first thing is the 10 percent of the bond, and then the house will secure that $150,000.
GRACE: OK, repeat?
VON ACHEN:
The 10 percent is the premium, 10 percent of the bond, and
then the house can be used as collateral for the $150,000.
GRACE: I get it. I get it. With me is John Von Achen, bail bondsman out of that jurisdiction, Orlando. John, I`m not sure I get it. He puts the house up to secure the remainder, but he`s got to cough up $15,000 cash, right?
VON ACHEN: Somewhat. The $15,000 is the 10 percent. The indemnitors -- that would be his parents, who have already said in the hearing today that they would sign over their house -- their responsibility is $150,000. So they would put up their house and the bondsman would put a mortgage against the house for $150,000. But just concerning this bond. It`s for nothing else.