Glossary    B    Bond Waiver

Bond Waiver

Relieves the obligation of having the post a bond.

Bond waiver (noun): Relieves the obligation of having to post a bond. Normally, a bond is required as insurance against fraud from an executor or trustee, ensuring beneficiaries receive their money if something goes wrong. A bond waiver can be called for from the testator in the will itself or by agreement of all parties.

Words commonly used with this term include:

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