Hi,

Well a bond is a bond and there is no strict or light keyword in there. If you are to sign a bond when taking admission then you will have to fulfil the deeds mentioned in the bond and failing to do so can lead to a fine or penalty, most of the times, that you will have to pay. Sometimes students are also allowed to remove the bond by paying a certain amount as a penalty amount.

I hope my answer helps.

All the best.