What is the meaning of fidelity bond?

fidelity bond is an insurance plan to insure savings institutions against infidelity by employees, including dishonesty, embezzlement of funds or other disappearances of cash. Some bonds also insure against robbers, burglars and vandals. Fidelity bond coverage is provided by private insurers, and is required by the SAIF as a condition for obtaining and keeping deposit insurance.

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APABarry Goldsmith. (2010). fidelity bond. Retrieved September 20, 2026, from http://smartdefine.org/fidelity_bond/definitions/1153875
ChicagoBarry Goldsmith. 2010. "fidelity bond" http://smartdefine.org/fidelity_bond/definitions/1153875 (accessed September 20, 2026).
HarvardBarry Goldsmith 2010, fidelity bond, Smart Define, viewed 20 September, 2026, <http://smartdefine.org/fidelity_bond/definitions/1153875>.
MLABarry Goldsmith. "fidelity bond" 21 October 2010. Web. 20 September 2026. <http://smartdefine.org/fidelity_bond/definitions/1153875>