If you or someone in your life has been arrested, you want to know and understand the difference between bail and bond. After someone has been arrested for a crime, that person may have to pay what is known as “bail” to stay out of jail. A judge may set the entire amount of the bail before the person can be released from jail to await his or her court date. There are some instances in which the amount set for bail is too high for an individual to pay, and a bondsman is needed.
Bail is the amount of money it takes to get you or a loved one out of jail until the court date. A bail bond, however, is when a bondsman is paid to guarantee the full bail amount to the court, but you are only required to pay a percentage of the entire bail to the bondsman.
If you or the arrested person appears in court as required, the set bond amount that was posted is returned to the bail bond company or bondsman, and any collateral is safe from collection. In the event you decided to pay the entire bail amount directly to the court, you get it all back after court fees have been subtracted.