blanket bond
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Blanket Bond — Insurance coverage carried by brokerages, investment bankers, and other financial institutions to protect them against losses due to employee dishonesty. Examples of things that a blanket bond might cover are forged checks, counterfeit currency,… … Investment dictionary
blanket bond — Generic term which may describe a bond covering a number of projects on which performance bonds are required or a bond to dissolve more than one attachment. Any bond used for multiple purposes … Black's law dictionary
blanket bond — Generic term which may describe a bond covering a number of projects on which performance bonds are required or a bond to dissolve more than one attachment. Any bond used for multiple purposes … Black's law dictionary
blanket bond — noun 1. : an insurance policy covering a wide variety of risks (as loss from dishonesty of employees, burglary, misplacement, damage, or destruction of property) 2. : a fidelity bond covering all or all of a category of the employees of the… … Useful english dictionary
Banker's Blanket Bond — A fidelity bond purchased from an insurance broker that protects a bank against losses from a variety of criminal acts carried out by employees. Some states require blanket bond coverage as a condition of operating a bank. Also known as a blanket … Investment dictionary
commercial blanket bond — ➔ bond * * * commercial blanket bond UK US noun [C] INSURANCE ► a type of insurance for employers that protects them from losses caused by employees who act dishonestly … Financial and business terms
primary commercial blanket bond — a blanket bond covering any loss up to a stated amount caused by the dishonest act of an employee or group of employees … Useful english dictionary
bond — 1 n 1 a: a usu. formal written agreement by which a person undertakes to perform a certain act (as appear in court or fulfill the obligations of a contract) or abstain from performing an act (as committing a crime) with the condition that failure … Law dictionary
Commercial Blanket Bond — A type of liability coverage for employers who want to protect themselves against losses resulting from dishonest employees. Commercial blanket bonds provide blanket coverage for all of an employer s employees. These bonds contain a maximum… … Investment dictionary
bankers' blanket bond — A fidelity bond protecting a bank against loss through the fraud or dishonesty of employees. Anno: 74 ALR 284 … Ballentine's law dictionary
