Bankers Blanket Bond


Definition of "Bankers blanket bond"

Rebecca Durando real estate agent
Rebecca Durando, Real Estate Agent Remax Crown Realty

Coverage for a bank in the event of loss due to dishonest acts of its employees or individuals external to the bank. For example, if a teller goes to Mexico with the bank's money, the bank would be indemnified for its loss.

 

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