fidelity insurance

fidelity insurance
fidelity insurance n: insurance against loss caused by the dishonesty or nonperformance of an employee of the insured

Merriam-Webster’s Dictionary of Law. . 1996.

fidelity insurance
An agreement whereby, for a designated sum of money, one party agrees to guarantee the loyalty and honesty of an agent, officer, or employee of an employer by promising to compensate the employer for losses incurred as a result of the disloyalty or dishonesty of such individuals.

Dictionary from West's Encyclopedia of American Law. 2005.


fidelity insurance
An agreement whereby, for a designated sum of money, one party agrees to guarantee the loyalty and honesty of an agent, officer, or employee of an employer by promising to compensate the employer for losses incurred as a result of the disloyalty or dishonesty of such individuals.

Short Dictionary of (mostly American) Legal Terms and Abbreviations.

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Look at other dictionaries:

  • fidelity insurance — fidelity bond or fidelity insurance Insurance protecting an employer from losses resulting from the deliberate misappropriation of the firm s assets by one or more of its employees. Fidelity insurance is obtained by most financial institutions.… …   Financial and business terms

  • fidelity insurance — noun : insurance against loss by reason of the dishonesty or nonperformance of an employee of the insured * * * fidelity insurance noun Insurance covering an employer for the negligence of an employee • • • Main Entry: ↑fidelity * * * fidelity… …   Useful english dictionary

  • fidelity insurance — noun insurance taken out by an employer against losses incurred through dishonesty by employees …   English new terms dictionary

  • fidelity bond — or fidelity insurance Insurance protecting an employer from losses resulting from the deliberate misappropriation of the firm s assets by one or more of its employees. Fidelity insurance is obtained by most financial institutions. American Banker …   Financial and business terms

  • insurance — in·sur·ance /in shu̇r əns, in ˌshu̇r / n 1: the action, process, or means of insuring or the state of being insured usu. against loss or damage by a contingent event (as death, fire, accident, or sickness) 2 a: the business of insuring persons or …   Law dictionary

  • fidelity — fi·del·i·ty /fə de lə tē, fī / n: the quality or state of being faithful or loyal; esp: loyalty to one s spouse in refraining from adultery and sometimes in submitting to a spouse s reasonable sexual desires Merriam Webster’s Dictionary of Law.… …   Law dictionary

  • insurance — A contract whereby, for a stipulated consideration, one party undertakes to compensate the other for loss on a specified subject by specified perils. The party agreeing to make the compensation is usually called the insurer or underwriter; the… …   Black's law dictionary

  • insurance — A contract whereby, for a stipulated consideration, one party undertakes to compensate the other for loss on a specified subject by specified perils. The party agreeing to make the compensation is usually called the insurer or underwriter; the… …   Black's law dictionary

  • insurance — Guarding against property loss or damage making payments in the form of premiums to an insurance company, which pays an agreed upon sum to the insured in the event of loss. Bloomberg Financial Dictionary * * * insurance in‧sur‧ance [ɪnˈʆʊərəns ǁ… …   Financial and business terms

  • insurance — Synonyms and related words: accident insurance, actuary, annuity, assurance, aviation insurance, bail bond, bond, business life insurance, casualty insurance, certificate of insurance, court bond, cover, credit insurance, credit life insurance,… …   Moby Thesaurus

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