fidelity bond or fidelity insurance
Insurance protecting an employer from losses resulting from the deliberate misappropriation of the firm's assets by one or more of its employees. Fidelity insurance is obtained by most financial institutions. American Banker Glossary
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fidelity insurance UK US noun [U] INSURANCE
► insurance to protect a company against the dishonest or illegal behaviour of its employees : »
Employers who are willing to take on ex-offenders can find it difficult because of the restrictions insurance companies place on fidelity insurance.
Financial and business terms. 2012.