What does fidelity bond mean?
Definitions for fidelity bond
fi·delity bond
This dictionary definitions page includes all the possible meanings, example usage and translations of the word fidelity bond.
Wiktionary
fidelity bondnoun
An insurance contract that covers an employer against loss due to fraudulent or dishonest employees.
Wikipedia
Fidelity bond
A fidelity bond or fidelity guarantee is a form of insurance protection that covers policyholders for losses that they incur as a result of fraudulent acts by specified individuals. It usually insures a business for losses caused by the dishonest acts of its employees. While called bonds, these obligations to protect an employer from employee-dishonesty losses are really insurance policies. These insurance policies protect from losses of company monies, securities, and other property from employees who have a manifest intent to i) cause the company to sustain a loss and ii) obtain an improper financial benefit, either for themselves or another party. There are also many other coverage extensions available through the purchase of additional insuring agreements. These are common to most crime insurance policies (burglary, fire, general theft, computer theft, disappearance, fraud, forgery, etc.) and are designed to further protect specific company assets.
Wikidata
Fidelity bond
A fidelity bond is a form of insurance protection that covers policyholders for losses that they incur as a result of fraudulent acts by specified individuals. It usually insures a business for losses caused by the dishonest acts of its employees. While called bonds, these obligations to protect an employer from employee-dishonesty losses are really insurance policies. These insurance policies protect from losses of company monies, securities, and other property from employees who have a manifest intent to cause the company loss. There are also many other forms of crime-insurance policies to protect company assets.
Numerology
Chaldean Numerology
The numerical value of fidelity bond in Chaldean Numerology is: 9
Pythagorean Numerology
The numerical value of fidelity bond in Pythagorean Numerology is: 8
Translations for fidelity bond
From our Multilingual Translation Dictionary
- 忠诚债券Chinese
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"fidelity bond." Definitions.net. STANDS4 LLC, 2024. Web. 25 Apr. 2024. <https://www.definitions.net/definition/fidelity+bond>.
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