bonded

/ˈbɒndɪd/ adjective INSURANCE

Definition

› US a bonded company has insurance in order to protect its customers if the company has a problem: Get estimates from more than one licensed, bonded, reputable contractor.

› UK a bonded travel agency (= company that sells holidays) has insurance to protect its customers if there is a problem with the travel agency or the travel arrangements it has provided: Since 1992 we have operated a fully bonded Travel Agency.

(Definition of bonded adjective from the Cambridge Business English Dictionary © Cambridge University Press)

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