Bond, Bankers Blanket

Definition of "Bond, bankers blanket"

Missie McSweeney real estate agent
Missie McSweeney, Real Estate Agent RE/MAX Classic

Same as term Bankers Blanket Bond: 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.

Have a question or comment?
We're here to help.

*** Your email address will remain confidential.


Popular Insurance Terms

Popular Insurance Questions