What is the bond called that is formed between two amino acids?
This bond is called a peptide bond (a covalent bond).
The bond between two amino acids is formed under the formation of
A schematical representation of this bond is shown below.
The peptide bond is the bond between the carbon atom and the nitrogen atom. This bond is important for life because when linking together the amino acids we can create proteins that can have a large variety of functions.
As you can see in the picture, the N-terminus in the product can again react with some other C-terminus and form a new peptide bond.