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What is the difference between Probation, Parole, and Supervised Release?

Answer: 

Probation is a term of community supervision imposed by the court in lieu of a prison sentence.
Parole is a period of community supervision imposed by the U.S. Parole Commission to be completed after release from a prison term.
Supervised Release is a period of community supervision imposed by the court to be completed after release from a jail or prison sentence.