Which of the following is classified as a fiduciary bond?

A fiduciary bond is a type of surety bond that is required in situations where a person is entrusted with the financial affairs of another, such as in the case of guardianships or when managing an estate. The purpose of a fiduciary bond is to protect the interests of the person whose financial matters are being managed and to ensure that the fiduciary (guardian, executor, trustee, etc.) fulfills their duties responsibly and honestly.

In this context, the guardians bond, which is designed to protect the interests of those under guardianship (often minors or incapacitated adults), fits the definition of a fiduciary bond perfectly. It ensures that the guardian will manage the ward's estate in accordance with the law and the best interests of the ward.

Other types of bonds listed do not fall under the fiduciary category. A performance bond guarantees the completion of a project according to contractual obligations; a bid bond provides assurance that a contractor will enter a contract if their bid is accepted; a license bond is required to ensure that a business complies with local laws or industry regulations. These bonds serve different purposes and are not specifically tied to the fiduciary responsibilities associated with managing someone else's affairs.