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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.
blanket coverage definition, blanket coverage meaning | English dictionary. Search also in: Web News Encyclopedia Images. blanket. n. 1 a large piece of thick cloth for use as a bed covering, animal covering, etc., enabling a person or animal to retain much of his natural body heat. 2 a concealing cover or layer, as of smoke, leaves, or snow.