What does Schedule Bond mean? Read on to discover the definition & meaning of the term Schedule Bond - to help you better understand the language used in insurance policies.
A fidelity bond in which covered persons (usually employees) are listed by name, with a corresponding coverage limit for each individual listed.
More Insurance Terms And Definitions
The Merriam-Webster Dictionary defines insurance as:
b: Coverage by contract whereby one party undertakes to indemnify or guarantee another against loss by a specified contingency or peril.
c: The sum for which something is insured.
We hope the you have a better understanding of the meaning of Schedule Bond. If you are looking for the meanings of other important insurance terms and their definitions, just click on the letter below to find the words & concepts you are looking for: