What term is used for a defendant who has been released on bail?

The term that accurately describes a defendant who has been released on bail is "Releasee." This term specifically refers to an individual who has been granted bail and is thus permitted to return to the community while awaiting trial, rather than being confined in custody.

The term "Defendant" refers generally to anyone accused of a crime, regardless of their bail status, while "Bail applicant" describes someone seeking to obtain bail before they are granted release, not someone who is already released. "Convict" refers to an individual who has been found guilty in a court of law and sentenced, which does not apply to those who are merely awaiting trial on bail. "Releasee" is the most appropriate term in this context, as it directly indicates the status of the defendant after being released through the bail process.