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Position Bond |
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Position Bond A fidelity bond covering the jobs named on the bond. A fidelity bond compensates a company in the event it loses money as the result of employee theft or fraud. A position bond limits this coverage to the positions named in it. For example, a position bond may cover theft by the vice president of marketing, regardless of who fills that position at a given time. See also: Name schedule bond. Want to thank TFD for its existence? Tell a friend about us, add a link to this page, add the site to iGoogle, or visit the webmaster's page for free fun content. |
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