The-definition.com

Definition

Public official bond

Public official bond is a type of surety bond guaranteeing that public officials will faithfully perform their duties for the protection of the public.

Share it:  Cite

More from this Section

  • Fidelity bond
    Fidelity bond is an insurance policy that reimburses an employer for financial loss resulting ...
  • Holder in Due Course
    Holder in Due Course is a holder who takes a bill, complete and regular on the face of ...
  • Repurchase agreement (repo)
    Repurchase agreement (repo) is an arrangement whereby the Fed, or another party, purchases ...
  • Traditional IRA
    Traditional IRA is an IRA that allows workers to deduct part or all of their IRA contributions ...
  • Bond
    Bond is a negotiable instrument evidencing debt, under which the issuer promises to pay ...