A person with the legal right and responsibility to manage an estate’s affairs when the owner dies without leaving a will.
Also called “maritime court,” admiralty court hears cases related to sea, ocean, and shipping laws.
A bond that protects a project owner who provides a down payment to a supplier or contractor.
Someone licensed by a state to sell insurance or surety bonds for specific underwriters or carriers.
Also called an alcohol beverage bond or a liquor tax bond, an alcohol bond ensures that businesses that sell, manufacture, warehouse, or import alcohol pay taxes and comply with state and federal laws and regulations related to operating their business.
A bond that covers contractors, awarded bids, or bids that have been submitted during an annual period for a period that ends within the fiscal year.
Also called a supersedeas bond, an appeal bond is money held while an appeal is being decided. It ensures the judgment is paid if the appeal fails.
The form a bond applicant must fill out, providing information required for a surety to underwrite a contract.
The act of seizing a debtor’s property legally.
A type of surety bond guaranteeing that a plaintiff will pay all the legal fees, costs, and damage they sustain if the court renders the grounds for attachment were unnecessary.
To bear witness to or formally certify that something is true or genuine.
Someone designated as a power of attorney by a surety company. This person can act on behalf of the surety to execute a bond. An insurance agent can be an attorney-in-fact.