Fidelity Bond
FIDELITY BOND
An insurance device in the form of a personal guaranty that protects against loss resulting from disreputable or disloyal employees or other individuals who possess positions of confidence.
A bank might, for example, insure itself against losses deliberately or negligently caused by their officers and staff through the execution of a fidelity bond. If such losses occur, the amount of the bond is forfeited to reimburse the losses.
More From encyclopedia.com
Bonds , Bonds
Written documents by which a government, corporation, or individual—the obligor—promises to perform a certain act, usually the payment of a def… Bond , Bond
A bond is a type of investment that represents money loaned to a government or corporation. Local, state, and national governments often need to… Electrovalent Bond , Skip to main content
electrovalent bond Ionic Bond , Skip to main content
ionic bond Junk Bonds , JUNK BONDS. Michael Milken, the notorious investment banker of the 1980s, allegedly coined the term "junk bonds" to describe the portfolio of low-gra… Julian Bond , Bond, Julian 1940–
Civil rights activist, politician
In 1940 Dr. Horace Mann Bond was president of Fort Valley State College, a black institution in…
You Might Also Like
NEARBY TERMS
Fidelity Bond