BAIL VS BONDS – Key Differences
Though subtle, the primary difference between a Bail and Bond is the source of money.
As you now know, bail is the amount a defendant pays to secure his or her release. Bail is the money a defendant must pay in order to get out of jail. Bonds are posted on the defendants behalf, usually by a licensed Bondsman or bond agency.
If the defendant or family pays bail, they are considered to be ‘bailed’ out. Unfortunately many people don’t have immediate funds available and that’s where Bonds come in.
By signing a contract known as a Surety Bond, the Bail Bond Company assumes liability for the bail amount if the defendant fails to appear in court, or forfeits the bail.