An undertaking by a surety to protect an employer against the dishonesty of an employee is a(n)____ bond.
A) performance
B) fidelity
C) judicial
D) official

Question

Quizplus · Accepted Answer

A fidelity bond, also known as an employee dishonesty bond, is a type of insurance policy that protects an employer from financial loss due to the fraudulent or dishonest acts of an employee. The bond is issued by a surety company and provides coverage for theft, embezzlement, forgery, and other similar acts committed by an employee.

An Undertaking by a Surety to Protect an Employer Against