Administration Bond

Administration Bond

A bond issued by the administrator of an estate. The administration bond provides security in case the administrator causes financial losses due to theft, fraud, or negligence. The administration bond is refunded to the administrator if he/she performs his/her duties in accordance with the law and the decedent's will.
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A stamp duty on an administration bond worth more than Rs1,000 will be Rs100.
The bottom right chart takes a common callable instrument, the 30-year Government National Mortgage Administration bond, and subtracts, as an inflation estimate, the yield difference between a 10-year Treasury bond and 10-year TIIS.
Its services include securing bonds, including court bonds, probate bonds, appeal bonds, administration bonds and guardian bonds.Country: USASector: Insurance, Banking/Financial ServicesType: JVStatus: Agreed
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