what is a estate bond?

Answer 1

A bond generally is a sum of money to ensure appearance or the performance of an obligation, which may arise under certain circumstances.
An executor's bond arises when a will does not dispense with the requirement of a bond from the executor of the estate, (ie, the testator left it out, or the decedent died without a will) to ensure faithful administration of the estate - settle valid claims, close the estate, transfer in a timely manner, etc. Simply, it's a bond to make sure the executor does everything he/she is supposed to do.

I didn't see an actual listing of "estate bond." Does this sound like the right one to you?