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.

— Also termed blanket bond. [Cases: Insurance 1014, 2400. C.J.S. Insurance §§ 8, 1075.]

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双语律师Benita，国际知名法学院金融专业，擅长翻译各类与项目开发及融资相关的法律文件。