money






 

Question by  hakunamatata (31)

What is the difference between a bond and bail?

 
+7

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.

 
+6

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.

 
+6

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.

 
+6

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.

 
+5

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).

 
You have 50 words left!