What Does Judicial Bond Mean?

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What does Judicial Bond mean? Read on to discover the definition & meaning of the term Judicial Bond - to help you better understand the language used in insurance policies.

Judicial Bond

Judicial Bond

Category of surety bond that guarantees that the principal will fulfill certain obligations set forth by law-includes fiduciary bonds and court bonds.

We hope the you have a better understanding of the meaning of Judicial Bond.

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