A bond in which an administrator other than an executor gives a guarantee that he or she will administer the estate in accordance with the will and with the laws and rules of probate.
Origin
Late 16th century.
Definition of probate bond in US English:
probate bond
noun
A bond in which an administrator other than an executor gives a guarantee that he or she will administer the estate in accordance with the will and with the laws and rules of probate.