blanket bond


blanket bond
blanket bond see bond 1a

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

Look at other dictionaries:

  • 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

  • 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

  • brokers' blanket bond — A fidelity bond protecting a broker against loss through the fraud or dishonesty of employees. Anno: 74 ALR 284 …   Ballentine's law dictionary


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