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RBA Glossary definition for bond
bond – In general terms, a bond is a statement of debt with a medium to long term to maturity at the time it is issued. The holder of a bond is a lender to the issuer. As such, the statement gives the issuer an obligation to provide the holder with an income payment and/or a stream of income payments over the life of the bond and to repay the principal. The risk that the issuer cannot fulfil their obligation varies from issuer to issuer and over time.
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1980s to Today: Deregulation and Capital Account Liberalisation
31 Dec 2012
RDP
2012-09
8). Kangaroo bonds represented less than 2 per cent of the onshore non-government bond market in the early 1990s, but this share has risen sharply over the past decade to ... Households' direct participation in the bond market is now less than 1 per cent
https://www.rba.gov.au/publications/rdp/2012/2012-09/dereg-capital-acct-liberalisation.html