Bonding(redirected from bondings)
Also found in: Dictionary, Thesaurus, Medical, Encyclopedia.
A background check on a potential employee, followed by the procurement of insurance against any theft from the company that the employee may commit. Some financial service or other companies whose employees handle large amounts of cash conduct this process. The United States Department of Labor runs the Federal Bonding Program, which issues bonds insuring or guaranteeing the insurance of ex-offenders whose employment adds significant risk of theft or fraud.