bonded Meaning in the Cambridge English Dictionary
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Meaning of “bonded” in the English Dictionary

"bonded" in Business English

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bondedadjective

uk   us   /ˈbɒndɪd/ INSURANCE
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, ​reputablecontractor.
UK a bonded travelagency (= ​company that ​sellsholidays) has ​insurance to ​protect its ​customers if there is a problem with the ​travelagency or the ​travelarrangements it has ​provided: Since 1992 we have ​operated a fully bonded Travel Agency.
(Definition of bonded from the Cambridge Business English Dictionary © Cambridge University Press)
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