Hi

Bond status is a kind of contract which is given by an institute /college like in a medical college wherein they have stated some terms and conditions like they state that after you complete your degree you are supposed to work for so and so years in any hospital branch of theirs. If you agree and sign it that means you abide by it if you fail to follow the bond or if the bond is broken midway you will be required to pay a huge specified amount stated in the bond to the hospital in return. Stipend is a sort of salary an intern gets every month by the institute where they are working.

Hope this answers your query!