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单词 blanket bond
释义

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blanket bond
blanket bond n. Insurance an insurance policy that applies collectively to a group of people or assets; (spec.) a policy of this type taken out by a financial institution which covers losses incurred through dishonest or fraudulent activity by any employee (or sometimes any employee who holds a particular position or type of role).
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society > trade and finance > financial dealings > insurance > [noun] > insurance policy > specific types of policy
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1887 Bismarck (Dakota) Daily Tribune 12 July 1/3 Arguments were presented as to whether a company must give a bond for each elevator, or a blanket bond for all.
1958 Financial Times 3 Feb. 10/6 The older type of bond, under which individuals were named and insured for specific amounts, to a considerable extent has been superseded by the blanket bond.
2010 Collector June 33/2 Blanket bonds..apply to all jurisdictions..and are not client specific, so they see a higher frequency of claims.
extracted from blanketn.adj.
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更新时间:2024/12/25 20:53:10