Lost-instrument Bond
Definition of "Lost-instrument bond"
Indemnification bond under which a stock certificate holder who loses the original certificate will be issued a duplicate. The indemnity bond guarantees that if the original stock certificate is recovered, the holder will send it to the surety company,
Popular Insurance Terms
Type of trust used to remove assets from a surviving spouse's estate, thereby excluding such assets from federal estate tax upon the death of the surviving spouse. This type of trust allows ...
Property owned by two or more parties in such a way that at the death of one, the survivors retain complete ownership of the property. ...
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Coverage for the perils of burglary, theft, and robbery. ...
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