primary commercial blanket bond

noun

Definition of primary commercial blanket bond

: a blanket bond covering any loss up to a stated amount caused by the dishonest act of an employee or group of employees

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Cite this Entry

“Primary commercial blanket bond.” Merriam-Webster.com Dictionary, Merriam-Webster, https://www.merriam-webster.com/dictionary/primary%20commercial%20blanket%20bond. Accessed 23 Jan. 2022.

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