What's the difference between Bail and Bond?
Stojan last edited by
I know a lot of people struggle to grasp the difference and meaning of bail and bond, so I will try to define them in short terms.
Bail is processed by which a convict gets a temporary release from the jail by paying an amount as collateral that will be refunded when he/she joins back the court of law.
A bond is considered as a formal written promise that has the permission of both the convict as well as the broker or 3rd party bondsman who agrees to fulfill all the obligations and duties of the convict.
jimharner last edited by jimharner
Bail is paid by the person himself. Bond is paid by a friend or family member based on his relationship. Bond is a type guarantee by a third person. Piyush from askanydifference has given good information,