fiduciary bond:
(1831)
1. A type of performance bond required of a trustee, administrator, executor, guardian. conservator, or other fiduciary to ensure the proper performance of duties. — aka administrator’s bond. [1]
1. A bond required of a fiduciary (EXAMPLES: an executor; an administrator; a guardian) as a condition of managing an estate. [2]
References:
Disclaimer: All material throughout this website is compiled in accordance with Fair Use.
[1]: Black’s Law Dictionary Deluxe Tenth Edition by Henry Campbell Black & Editor in Chief Bryan A. Garner. ISBN: 978-0-314-62130-6
[2]: Ballantine’s Law Dictionary Legal Assistant Edition
by Jack Ballantine (James Arthur 1871-1949). Doctored by Jack G. Handler, J.D. © 1994 Delmar by Thomson Learning. ISBN 0-8273-4874-6.
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