What Is Bile?

Bile is a greenish liquid that is produced by an organ in the digestive system called the gall bladder. The gall bladder is situated near to the liver and it has a duct, called the bile duct, that empties into the small intestine, just below the stomach.

Bile is very important in the process in the digestive system that processes, breaks down and absorbs fats from the diet. Bile is produced and stored in the gall bladder and is then released in response to a meal that is just about to leave the stomach. The bile enters the intestine at the same time and emulsifies the fats in the partially digested food.

Bile is produced by specialised cells called hepatocytes. Bile, which is a thick yellow-brown or olive green liquid, contains water, bile salts (sodium glycocholate and sodium taurocholate), cholesterol and bile pigments (breakdown products of red blood cells such as bilirubin and mucus.

Bile is a vital and essential ingredient in making sure that our digestive functions operate efficiently. Some people refer to bile as 'gall'.
It is a yellowish green colour, the consistency of thick oil and is actually made in the liver. The liver then 'sends off' the bile to be stored in the gall baldder until it is needed. (Hence its other name of gall). When food leaves the digestive track and enters the duodenum (the first part of the intestine) then a reflex contraction is triggered within the gall bladder. This contraction causes it to squirt bile into the duodenum where it interacts with the food. The salts and acids which are contained within bile then break down the fat globules into smaller particles which enables them to be absorbed more easily. This process is known as emulsification.
Bile also helps the liver break down various toxins. On average the liver produces a pint or more of bile every day.

Your answer sounds great, except that you forgot the mention hepatocytes are in the LIVER.
The Liver produces bile; the Gallbladder stores it (and concentrates it some), just like the bladder stores urine produced by the kidneys.

Bile serves 2 purposes: 1. Aids in digestion (by breaking down fats) 2. Secretion of waste products by the liver (waste products are secreted with bile into the small intestines to mix with food which eventually becomes feces.)

It is an alkaline greenish-yellow liquid containing bile salts and bile pigments which give bile its color. It does not contain enzymes, so it cannot digest food but it aids in the digestion of fats. Bile is temporarily stored in the gall bladder.

Wrong! It is produced by the liver and stored in the gall bladder.

Bile, comes from the word bowels, where after you've eaten something, your stomach acids break it down.  Bile is found in the intestines as it is getting ready to be ejected from the body.

Bile is a by product of digestion.