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DEFINITION of 'Blanket Bond'. Insurance coverage carried by brokerages, investment bankers, and other financial institutions to protect them against losses due to employee dishonesty. Next Up. Examples of things that a blanket bond might cover are forged checks, counterfeit currency, fraudulent trading, and property damage.
Sometimes referred to as an all-assets lien, the blanket lien is an entitlement that is granted to a creditor as security for repayment of loans or other resources that are extended to a debtor.