securities insuring agreement
A securities insuring agreement is a provision of the SAA Financial Institution Bond No. 24 that provides coverage to banks and other financial institutions for loss resulting from certain types of forgeries and counterfeit securities.
securities insuring agreement
A securities insuring agreement is a provision of the SAA Financial Institution Bond No. 24 that provides coverage to banks and other financial institutions for loss resulting from certain types of forgeries and counterfeit securities.
Additional Information
A securities insuring agreement 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 those 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.
Synonyms
Loan Participation Coverage
