securities insuring agreement
A provision of the SAA Financial Institution Bond No. 24 that provides coverage
to banks and other financial institutions for loss resulting from alteration
or forgery of a signature on specified types of securities (such as typically
accepted as collateral for loans), from counterfeit securities of specified
types, and from guaranteeing or witnessing signature of certain types of securities
and financial documents. This coverage may be removed from the bond by rider.
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CPI XII.L