Never mind my dreadful title... (I had to try... =P)
A bold is just the money that you have to pay when you are moving into a new place. The amount is usually 2, 3 or 4 weeks of the regular rent. So, in case you break something in the house, they will use your bond to repair everything. Otherwise, you will get it back when you leave the house.
All homes/apartments require you to pay the bond, there is no way around it (unless you live in a backpack or a home stay). I would recommend you, however, to do so by transferring the money from your bank account to the owner's bank account. That way you have a receipt that you did pay him/her, whereas if you just give him/her the money in cash, the person can try to pull your leg.
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