Blanket fidelity bond

Definition:

SEC-required insurance coverage that brokerage firms are required to have in order to cover fraudulent trading by employees.

Investing Essentials


Copyright © 2011 Campbell R. Harvey, Professor of Finance, Fuqua School of Business at Duke University

Term of the Day

Bundling, unbundling

Creation of securities either by combining primitive and derivative securities into one composite hybrid or by separating returns on an asset into classes.

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