Financial institution bond
Financial institution bond that covers crime loss exposures of commercial banks, savings and loan institutions, and other financial institutions; used to cover bank holdups, employee dishonesty, forgery, alteration of checks, armored car exposures, and other crime exposures of financial institutions.
Category: Banking & Finance
Previous: ← File-and-use law
More from this Section
- Rebating
Rebating is a practice—illegal in virtually all states—of giving a premium reduction ... - Forward purchasing
Forward purchasing is a policy of purchasing relatively large quantities to fill needs ... - Named insured
Named insured is the person or persons named in the declarations section of the policy, ... - Revocable beneficiary
Revocable beneficiary designation allowing the policyholder the right to change the beneficiary ... - Expectations theory
Expectations theory is the proposition that the interest rate on a long-term bond will ...