fidelity bond Meaning in the Cambridge English Dictionary
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Meaning of “fidelity bond” in the English Dictionary

"fidelity bond" in Business English

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fidelity bondnoun [C]

uk   us   INSURANCE
a company's ​insuranceprotecting it against dishonest or ​illegalbehaviour by ​employees: A ​union must take out a ​fidelitybond to ​insuremembers against ​fraud and ​theft.
(Definition of fidelity bond from the Cambridge Business English Dictionary © Cambridge University Press)
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