Synonyms: administration bond
An administrator bond (administration bond) is a form of insurance that assures a person who is the administrator of a will acts legally and ethically and protects those in the will against fraud. It is often written as a bond of administrator or executor and is very similar to an executor bond.
Before administrators purchase a bond from an agency, they must submit themselves to a credit check, have their application approved, and go through other screening processes.
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