A security deposit paid by a tenant at the start of a tenancy, held by the state government bond authority (e.g. NSW Fair Trading, RTBA in VIC). The bond is refunded at the end of the tenancy if the property is left in good condition. Maximum bond is typically 4 weeks rent (varies by state).
Go deeper
Renter's rights guide (by state)Bond, rent increases, repairs, entry, and ending a tenancy.