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As someone not from America, and having never gone to jail, what is this?
Basically, if you are deemed not a risk to the community/flight risk(all arguable in this case but they did set them bail amounts), the courts give you a sum based on your accused offense you can pay to get out of jail till the trial date. If you show up to trial you get the bail amounts back, if you don't you get a warrant and the courts keep your money. Where bail "bonds" come into play, is they are companies acting as pseudo banks who will lend you money to make bail with interest obviously. It's very predatory because the only people who generally have to use these are poor people and the states don't care about poor criminals enough to make it not so predatory.
Cheers, definitely predatory. Not a good look for him then.