fidelity bond Definition

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fidelity bond

Definition

A debt obligation serving to protect an employer from loss in the event that its employees cause damages through dishonest or negligent action. Insurance companies and securities firms are often required to possess a fidelity bond.

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'fidelity bond' appears in the definitions of these other terms on BusinessDictionary.com

bid bond, blanket bond, bonding of employees, performance bond, fidelity guarantee, and

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