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Employment bond: An agreement made when starting employment, where the future employee agrees to pay money if they leave their employment before a certain timespan.

An employment bond (or just "bond") is an agreement between an employee and their employer at the beginning of the employment, which requires the employee to pay a certain sum of money if they leave their employment before a certain timespan.

Particularly common in India with new employees, but also in other countries when the employer pays for moving expenses or for training classes.

Note: This tag is intended specifically for agreements at the start of employment. Agreements to pay back specific costs (usually training costs) made after the start of employment ("payback agreement") are not intended to be covered by this tag.