Name Position Bond

Definition of "Name position bond"

Fidelity bond that covers a business if employees in listed positions commit dishonest acts, such as stealing money.

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Related Real Estate Glossary terms

Percentage Participating Deductible

(stop loss) amount over which a health insurance plan pays 100% of the costs in a percentage partici ...

Tax Credit

Reduction in taxes payable to the IRS or local government. A tax credit is more beneficial to the ta ...

Certificate Of Need (con) Laws

Federal legislation passed in 1974 that mandated that legislators in all states that are in receipt ...

Electrical (electrical Apparatus) Exemption Clause

Common element in property insurance that excludes electrical damage or destruction of an appliance ...

Storm Sewer

Sewer system built into the streets of a neighborhood that is capable of accommodating the excess wa ...

Escalation Clause

provision in a rental agreement or other contract that stipulates for an increase in lease payments ...

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