Fiduciary Bond – a type of performance bond required of a trustee, administrator, executor, guardian. conservator, or other fiduciary to ensure the proper performance of duties, as a condition for managing an estate

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:

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[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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