MLchartDataset catalogue

Fiduciary bond

Term · Insurance and risk management · MLC-T-INS-001492

A type of surety bond required by a court or statute to guarantee the faithful performance of duties by an individual or entity acting in a fiduciary capacity. This bond protects beneficiaries from financial losses due to the fiduciary's dishonesty, negligence, or mismanagement of assets. Common fiduciaries requiring such bonds include executors, guardians, and trustees.

Table 1. Record
IdentifierMLC-T-INS-001492
FieldInsurance and risk management
Record as JSON 
{
  "id": "MLC-T-INS-001492",
  "term": "Fiduciary bond",
  "field": "Insurance and risk management",
  "definition": "A type of surety bond required by a court or statute to guarantee the faithful performance of duties by an individual or entity acting in a fiduciary capacity. This bond protects beneficiaries from financial losses due to the fiduciary's dishonesty, negligence, or mismanagement of assets. Common fiduciaries requiring such bonds include executors, guardians, and trustees.",
  "url": "https://mlchart.com/terminology/insurance/fiduciary-bond/"
}

Record 1,367 of 3,748 in Insurance and risk management terminology (MLC-0106). Request the full dataset.