November 2, 2007, Newsletter Issue #189: Bonding

Tip of the Week

Bonding is the process by which an employer can be indemnified for the loss of money or property sustained through dishonest acts of a "bonded" employee. This can cover many types of unlawful acts including embezzlement, forgery, larceny, theft, misappropriation, or other dishonest acts committed by an employee, alone or in collusion with others.

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