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

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  4. Broker-Dealer

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  5. Securities And Exchange Commission ...

    A government commission created by Congress to regulate the securities ...
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    The buying or selling of a security by someone who has access ...
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