fidelity bond

English - Turkish

Definition of fidelity bond in English Turkish dictionary

kefalet senedi

(Ticaret) doğruluk bonosu

English - English

Definition of fidelity bond in English English dictionary

An insurance contract that covers an employer against loss due to fraudulent or dishonest employees

A type of bond that is obtained by an employer to protect against economic loss from dishonest acts of its employees (Source: FNMA Selling Guide, Glossary)

An assurance, generally purchased by an employer, to cover employees who are entrusted with valuable property or funds

Protects an insured business against dishonest acts such as embezzlement, forgery and theft committed by employees

Sometimes referred to as a "dishonesty" bond, it insures a Benefit Fund against dishonest acts and/or theft of Fund moneys or property by the Trustees or any employees of the Fund

A Bond which will reimburse an employer for loss, up to the amount of the bond, sustained by the employer named in the bond (the Insured or Principal) by reason of any dishonest act of any employee covered by the bond Also known as Employee Dishonesty bond The Fidelity Bond is frequently purchased as a part of the Crime Policy

Covers the employer for loss caused by the dishonest act of an employee(s) Unlike a surety bond, a fidelity bond is purchased for the employer's benefit only These can be obtained as a blanket bond covering all employees or a schedule bond covering only certain employees/positions

formal agreement under which an employer would be reimbursed for loss, up to an amount specified, that may result from a dishonest act of covered employee occupying a position of trust Community associations may purchase fidelity insurance to protect themselves from theft by residents or managers

An insurance policy purchased by a company to protect against losses from dishonest employees It can cover the theft of money or other company assets

A bond which will reimburse an employer for loss up to the amount of the bond, sustained by the employer named in the bond (the insured), due to any dishonest act of a covered employee

As required by DOL regulations, a bond which indemnifies the plan (protects the participants) against fiduciary malfeasance or misfeasance

An obligation of the insurance company against financial loss caused by the dishonest acts of employees

see Employee dishonesty coverage

Class of bonds that guarantees an employee's honest discharge of duty; written to protect an insured from dishonest acts by employees

An insurance bond that is obtained to protect against financial loss from dishonest acts of persons entrusted with authority to manage funds

A form of 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

1 A method by which employers insure themselves against the dishonesty of their employees through which the company suffers financial loss It is a legal contract and is not something you carry around like a driver;s license but something similar to an insurance policy, applying to a specific set of circumstances

A bond which will reimburse an employer for loss up to the amount of the bond, sustained by an employer (the insured) by reason of any dishonest act of an employee (or employees) covered by the bond

Every plan fiduciary and every person who handles funds must obtain a bond The minimum bond amount is the greater of $1,000 or 10% of the funds handled Anyone with discretionary authority over the plan's administration or funds must be bonded

Bond that protects an employer against dishonest or fraudulent acts of employees, such as embezzlement, fraud, or theft of money

Guarantees protection against misappropriation of City assets entrusted to a contractor

See: Blanket fidelity bond

Protects participants in the event a fiduciary or other responsible person steals or mishandles plan assets

Insurance coverage purchased by an employer to cover employees who are entrusted with valuable property or funds, to protect against specified losses arising from any dishonest act by these employees

A type of insurance used by the funds to reimburse any fraud by the employees of the distribution company The amount of Fidelity Bond coverage for each fund is set by law The trustees of a fund have the responsibility of making sure that the coverage is adequate

Related Terms

fidelity bonds

plural form of fidelity bond

Hyphenation

fi·del·i·ty bond

Turkish pronunciation

fıdelıti bänd

Pronunciation

/fəˈdelətē ˈbänd/ /fəˈdɛlətiː ˈbɑːnd/