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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.
/ËblaeÅkÉt/. ËblÃ¦ÅkÉt. Adjective'learner s definition OF. blanket always used before a. : noun affecting or applying to everyone or. everything a blanket amnesty for all illegal. aliens a blanket ban on use of the. Chemical the witness was given blanket protection from. prosecution