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A security bond or security deposit is a deposit paid by you which is held by the vehicle rental company while you are renting their vehicle. It is fully refundable when you return the vehicle in a satisfactory condition. Some companies require only a swipe or imprint of your credit card, while other companies require physical payment (and they refund it back at completion of rental). Bonds can vary, and so can the way they are taken - so please check the terms or insurance information on your relevant vehicle.
Most companies offer several options to reduce the size of the bond and security deposit. These are generally a daily charge (the daily charge is not refundable), and any options are outlined in the terms and conditions, and presented at the time of booking.