Prob30 - anywhere else in the world a bond is a contract you sign with the airline guaranteeing that you will remain in their employ for a certain period. You don't hand any money over and you ARE paid a full wage. In the event that you don't complete the contracted period you can be liable for the bond. However, to the best of my knowledge there has never been a successful legal case whereby a company has recouped bond money from a pilot who has left early. Courts have always found that the company is liable for employee training.
AH - it's very bloody worrying! Have a look at Easy's new setup for 500-1500 hour bods. Pay for your own type rating then we'll bond you for 5 years with your own money!