{"id":11854,"date":"2018-01-05T06:25:30","date_gmt":"2018-01-05T06:25:30","guid":{"rendered":"https:\/\/reunitethestates.org\/?page_id=11854"},"modified":"2018-01-05T06:25:30","modified_gmt":"2018-01-05T06:25:30","slug":"fidelity-bond-a-bond-in-the-form-of-an-insurance-contract-which-indemnifies-an-employer-or-business-for-loss-due-to-embezzlement-larceny-or-gross-negligence-by-an-employee-or-other-person-holding","status":"publish","type":"page","link":"https:\/\/reunitethestates.org\/?page_id=11854","title":{"rendered":"Fidelity Bond – a bond in the form of an insurance contract which indemnifies an employer or business for loss due to embezzlement, larceny, or gross negligence by an employee or other person holding a position of trust"},"content":{"rendered":"

fidelity bond<\/span>:<\/span>
\n<\/strong>(1902)<\/span><\/p>\n

1. A bond to indemnify an employer or business for loss due to embezzlement, larceny, or gross negligence by an employee or other person holding a position of trust.\u00a0<\/strong>\u2014 aka blanket bond<\/strong><\/em><\/span>; fidelity guarantee<\/strong><\/em><\/span>; fidelity-guarantee insurance<\/strong><\/em><\/span>. [1]<\/span><\/p>\n

1. A bond conditioned upon payment of loss resulting from embezzlement by an officer or employee, usually construed as an insurance contract, notwithstanding it is nominally in the form of a contract of suretyship.<\/strong><\/span>
\n\u00a0\u00a0\u00a0\u00a0 See fidelity guaranty insurance<\/em>. [2]<\/span><\/p>\n

1. A bond in the form of an insurance contract which indemnifies against loss resulting from embezzlement or other misuse of funds by an officer or an employee.<\/strong><\/span>
\n\u00a0\u00a0\u00a0\u00a0 See indemnification<\/em>.<\/span>
\n\u00a0\u00a0\u00a0\u00a0 Also see fidelity<\/em> and guaranty insurance<\/em>. [3]<\/span><\/p>\n

References:<\/span><\/span><\/strong><\/p>\n

Disclaimer:<\/span><\/span><\/strong> All material throughout this website is compiled in accordance with Fair Use<\/a><\/span><\/strong>.<\/strong><\/p>\n

[1]: Black\u2019s Law Dictionary\u00a0Deluxe Tenth Edition\u00a0by Henry Campbell Black & Editor in Chief Bryan A. Garner<\/a>. ISBN: 978-0-314-62130-6<\/span><\/strong><\/p>\n

[2]: Ballantine\u2019s Law Dictionary\u00a0<\/a><\/span><\/strong>with Pronunciations
\n<\/span><\/em>Third Edition<\/span><\/strong><\/a>\u00a0by James A. Ballantine\u00a0<\/span><\/strong>(James Arthur 1871-1949).\u00a0\u00a0<\/span><\/em>Edited by William S. Anderson.\u00a0\u00a0\u00a9 1969 by THE LAWYER\u2019S CO-OPERATIVE PUBLISHING COMPANY.\u00a0 Library of Congress Catalog Card No. 68-30931<\/span><\/strong><\/p>\n

[3]: Ballantine’s Law Dictionary <\/a><\/span><\/strong>Legal Assistant Edition<\/span><\/a><\/em>
\nby Jack Ballantine\u00a0<\/span><\/strong>(James Arthur 1871-1949).\u00a0\u00a0<\/span><\/em>Doctored<\/span><\/a><\/strong>\u00a0<\/span><\/em>by\u00a0Jack G. Handler,\u00a0J.D.<\/a>\u00a0\u00a9 1994 Delmar by Thomson Learning.\u00a0 ISBN 0-8273-4874-6.<\/span><\/strong><\/p>\n

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