Bond Bankers Blanket


Definition of "Bond, bankers blanket"

Derek Ostrovski
  Coldwell Banker Residential Brokerage - Sun City Bell

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.


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