Peace Talks Glossary
Peace Talks Glossary
A B C D E F G H I J K L M N O P Q R S T U V W X Y Z
Bond
A guarantee of payment. Generally, in estate planning,
this is a document which guarantees payment in the event that a person
responsible for money or property distribution does not act in accordance
with the will or trust, the law, or his or her fiduciary duties. Bonds
are generally purchased through a bonding company for 10% of the face
value of the bond, which is based on the amount of money or property at
stake.
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