What is mean of bond? When we have to pay this money?
Answer (1)
Student Expert
21st Jul, 2019
Hi Praful,
A bond is a contract that you sign with any college or university where it shows that you will serve for a particular period of time under the guidance of that college university.
Or the bond can depict thta you will have to pay a bond money of some amount if you cancel your admission or disagree to serve for the required amount of time.
The amount may differ from college to college.
I hope this information helps.
All the best.
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