A phosphazene composition which has a content of volatile components of not less than 0.02% by weight and not more than 1.0% by weight when it is heated at 200.degree. C. for 2 hours; is excellent in resistance to hydrolysis, and when the phosphazene composition is added to a resin, there is provided a resin composition which highly maintains the balance of resistance to hydrolysis, flame retardancy and stability of electric characteristics in a high-frequency field of not less than 1 GHz.

 
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