Meaning of “bonded” in the English Dictionary

"bonded" in Business English

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uk /ˈbɒndɪd/ us 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, 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” from the Cambridge Business English Dictionary © Cambridge University Press)