indemnity bond Meaning in the Cambridge English Dictionary
Cambridge Dictionaries online Cambridge Dictionaries online

The most popular online dictionary and thesaurus for learners of English

Meaning of “indemnity bond” in the English Dictionary

"indemnity bond" in Business English

See all translations

indemnity bondnoun [C]

uk   us   INSURANCE
a ​legalagreement in which a ​financialorganization promises to make a ​payment to an ​organization that has ​lentmoney if they do not get the ​loan back: Lenders ​reduce their ​risk by using ​indemnitybonds for ​mortgages over 70-80 % of the ​value of the ​property.
(Definition of indemnity bond from the Cambridge Business English Dictionary © Cambridge University Press)
What is the pronunciation of indemnity bond?
Add Cambridge dictionaries to your browser to your website
Word of the Day


typical of autumn

Word of the Day