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Public Official Bond |
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Public Official Bond A bond or insurance policy covering losses resulting from the negligence or mistakes made by a bureaucrat or other public official. For example, if a bureaucrat mismanages a government-owned bank account such that there are significant losses, the public official bond will compensate the government. See also: Public employees blanket 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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