What does Being Bonded Mean?

Answer

Being bonded means that you are licensed and insured against damage that might be caused by you or your firm while performing a service. Bonding is often a required thing for individuals in the service or contract business as it protects them and their customer against large damage claims.

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1 Additional Answer

Being bonded means that a person is trustworthy and reliable. People that work with finances, property, or other important or valuable information are generally bonded. Which means their criminal record is clean in terms of fraud, embezzlement, and theft. For more information see here: http://www.cvtips.com/faq/job_search/credibility_and_trustworthiness/job_search_bonded.html

Q&A Related to "What does Being Bonded Mean?"

What is Being Bonded?

In simple terms, a bonded employee is an insured employee with a guarantee that no wrong doing will be done. It is an insurance policy that protects the customer and company, which

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what does being bonded mean?

Being bonded means that you are licensed and insured against damage that might be caused by you or your firm while performing a service. Bonding is often a required thing for individuals

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what is the meaning of being bonded, insured & licensed?

A bonding company issues a bond to a business as a guarantee that should a claim against the business occur the bonding company will provide funds to cover it. This is particularly

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what does being bonded by a bank mean?

Bonding is a generic concept that applies to a variety of jobs. Upon hiring, an employer obtains a policy from an insurance company that will reimburse the business in case of theft

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