Fidelity Bond

Blanket Fidelity Bond
A Blanket Fidelity Bond is an insurance policy that protects businesses from losses caused by fraudulent acts committed by employees.
Fidelity Bond
A fidelity bond is an insurance policy that provides coverage against specified losses arising from dishonest acts or defalcations by an employee.
Name Position Bond
A Name Position Bond, also known as a Fidelity Bond, is a type of insurance that helps protect employers if employees holding certain listed positions commit dishonest acts like stealing money.
Position Schedule Bond
A Position Schedule Bond is a type of fidelity bond that provides financial protection to businesses by covering losses resulting from fraudulent or dishonest acts by specifically named employees.

Accounting Terms Lexicon

Discover comprehensive accounting definitions and practical insights. Empowering students and professionals with clear and concise explanations for a better understanding of financial terms.