Blanket Bond


DEFINITION of 'Blanket Bond'

Insurance coverage carried by brokerages, investment bankers, and other financial institutions to protect them against losses due to employee dishonesty.

BREAKING DOWN 'Blanket Bond'

Examples of things that a blanket bond might cover are forged checks, counterfeit currency, fraudulent trading, and property damage.

  1. Investment Bank - IB

    A financial intermediary that performs a variety of services. ...
  2. Banker's Blanket Bond

    A fidelity bond purchased from an insurance broker that protects ...
  3. Honesty Bond

    A bond posted by an organization or professional insuring the ...
  4. Broker-Dealer

    A person or firm in the business of buying and selling securities, ...
  5. Securities And Exchange Commission ...

    A government commission created by Congress to regulate the securities ...
  6. Insider Trading

    The buying or selling of a security by someone who has access ...
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