What is the difference between a bond and bail?

Answer by  gleverance (720)

Officially the term is bail bond, so they are actually the same thing, a pledge of money or property that a person will return for a court appearance. The bondsman usually charges 10% of the required bond amount as their commission. The bail bondsman is a largely US business, since most other countries charge less for bail.

Answer by  MasterofZelda (19)

When you get bail, you are released from prison, using collateral to ensure you return to trial, which is forfeited if you fail to appear. A bail bondsman posts collateral and receives a percentage of the bail if you appear in court.

Answer by  Harrisb85 (20)

Bail is the amount set by the court to get a person out of jail while awaiting a court date; bond is the money being posted to make bail.

Answer by  tania (49)

Bail is a method of releasing a suspect from jail. Bail can also be paid in cash. That means bail is what you put up to be released. Bond is a particular way you pay bail.a bond is a loan and you are the lender.The bond is a kind of insurance policy offered by a third-party.

Answer by  Sam65 (198)

Bail is when the government jail gets an amount of money to release the person from jail. Bond is when a private company supplies the amount of money to the government because you can't afford it. (if you need $5,000 but don't have it).