A bond given by a person to whom the administration of another’s property is entrusted.

Rule 420 of Bombay High Court (Original Side) states that in all cases of letters of administration, save and except under section 241, of Indian Succession Act, 1925, the person to whom the grant is made shall give a bond in form no. 118 with one surety and the bond shall, unless the Judge in Chambers otherwise directs, be given for the gross value of the estate.

Rule 421 of Bombay High Court (Original Side) states that in all cases of succession certificate, the person to whom the grant is made shall give a bond in form no. 120 with one surety and the bond shall for the gross value of the estate, unless otherwise directed by any order of the court.