fidelity bond

fidelity bond

A bond to indemnify an employer or business for loss due to embezzlement, larceny, or gross negligence by an employee or other person holding a position of trust.

¡ª Also termed blanket bond. [Cases: Insurance 1014, 2400. C.J.S. Insurance ¡ì¡ì 8, 1075.]


What is the Chinese interpretation of fidelity bond?
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