What is the legal definition of Bond?

In the legal context, Bond means (a) A fiduciary bond is similar to an insurance policy because it represents an arrangement where one party (the “surety”) agrees, for a fee, to pay money or perform an obligation in the event the fiduciary (trustee, conservator, executor) fails to properly perform its duties. (b) An investment bond is a promise by the issuing company to repay a loan/investment at the end of a term, plus interest.


What Our Customers Have to Say

the Fitter Law Legal Subscription Plan
for as little as $25 per month

New User Registration (#26)


Unfortunately, our attorneys only provide legal services in Illinois at this time.  Though you may continue to use this website at your own risk, you may not receive any legal advice or services from Fitter Law, unless it includes matters that are either related to Federal matters or occur within the state of Illinois.





Fitter Law covers legal issues throughout Illinois on various business transaction and litigation matters.