fiduciary bond

fiduciary bond
noun
: a surety bond filed by a fiduciary (as the administrator of an estate) to guarantee faithful performance of his duties

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a bond filed by a fiduciary administering an estate as surety.

* * *

fiduciary bond,
a bond issued to insure against losses due to the dishonesty or negligence of a person appointed by a court to be responsible for another's property, such as an executor or guardian.

Useful english dictionary. 2012.

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