### Question
How is the "indemnity bond" defined?


### Answer
The term **indemnity bond** is defined in *26 U.S.C. § 4372* as follows -

> any instrument by whatever name called whereby an obligation of the nature of an indemnity, fidelity, or surety bond is made, continued, or renewed

#### Citation:
  - *26 U.S.C. § 4372*
  - Heading: **Subtitle D-Miscellaneous Excise Taxes > CHAPTER 34-POLICIES ISSUED BY FOREIGN INSURERS**

