Blanket Position Bond | Insurance Glossary

Definition of "Blanket position bond"

Tanya Nagyhetenyi, MBA

Coldwell Banker

Covers all employees of a business on a blanket basis with the maximum limit of coverage applied separately to each employee guilty of a crime.

An insurer who researches the title to real estate for the purpose of discovering any unknown liens ...

Legal lien on property on behalf of an individual who has not been paid for material furnished in co ...

Lender who possesses the collateral of the borrower if the loan is defaulted upon. ...

Report that contains information regarding the effect of a proposed project on the environment. ...

Past action of a property owner or tenant. ...

Type of business interruption insurance policy that provides a specific daily dollar amount benefit ...

A gift letter is when an individual gives you money for a down payment as a gift, that person must w ...

A point is equal to 1 percent of a loan amount. Lenders charge points in exchange for lowering the i ...

Depreciation is a decline in the value of property due to general wear and tear, or is also known as ...

A survey is an examination of a property\'s boundaries to determine the quantity of land, location o ...

A seller takeback is a type of financing in which the seller arranges for the financing on a propert ...

An APR stands for an ANNUAL PERCENTAGE RATE. This rate includes the costs of any points paid, mortga ...

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