Under HKG Law an employer can't bond their staff. CX has always written their own rules and done things their own way - until they get caught (Paris Base anyone?). So instead of bonding new joiners they invent things like the forgivable loan - cx loan you the money for the training you don't need in Aussi (unless you are a zero to hero cadet), then 'forgive' the loan after a few years (hoping to lock you into the bitch which is seniority). Looks like a bond, smells like a bond, walks like a bond, but we will call it a loan.