Blanket bond

blanket bond investment & finance definition
See blanket fidelity bond.
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Blanket Bond
insurance held by financial institutions to protect them against monetary losses due to worker dishonesty.
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blanket bond "Broad insurance coverage against losses due to theft or employee dishonesty, carried by brokerages and other financial institutions",, blanket lien A security interest covering nearly all types of collateral owned by a debtor.

A bail bondsman generally pays the court a large 'blanket bond' to cover multiple clients, then charges each client 10% of his or her total bail figure as a cash guarantee.

See also: Bond, Close, Right, Institution, Held