“blanket bond”

The following 3 entries include the term blanket bond.

bankers' blanket bond

noun

: insurance sold to financial institutions covering theft by employees and losses due to burglary, robbery, or forgery compare fidelity bond

commercial blanket bond

noun

: a fidelity bond or form of insurance issued to business firms that covers all losses due to theft by employees

primary commercial blanket bond

noun

: a blanket bond covering any loss up to a stated amount caused by the dishonest act of an employee or group of employees


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