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Fidelity Bond |
Also found in: Financial, Wikipedia | 0.06 sec. |
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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. How to thank TFD for its existence? Tell a friend about us, add a link to this page, add the site to iGoogle, or visit webmaster's page for free fun content. |
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Is fidelity bond coverage applicable in this situation? Riedley thinks of a fidelity bond as akin to crime insurance. Contact the insurance company that handles your fidelity bond. |
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Fidelity Bond