noun
: a bond that is often required from a bank for deposits of state and municipal governments and that guarantees the amount of the deposit in the event of the bank's insolvency
noun
: a bond that is often required from a bank for deposits of state and municipal governments and that guarantees the amount of the deposit in the event of the bank's insolvency
Webster's New International English Dictionary. Новый международный словарь английского языка Webster. 2012