Judicial and Probate Bond (Glossary Word)

This type of bond, which is sometimes referred to as a Fiduciary Bond, guarantees that certain individuals will act to protect assets in their trust. Executors and guardians in estate or will proceedings often need this type of bond. Often these bonds are used to guarantee that court fees or judgments will be paid.

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Glossary Words

• License and Permit Bond
• Contractors Bond
• Surety Bond
• Contract Bond