Warehouse Bond


Warehouse Bond
A type of financial protection that assures an individual or business keeping goods in a storage facility that any losses will be covered if the facility fails to meet the terms of its contract. If the warehouse owner or operator fails to meet its obligations, a third party company called a surety will act as an intermediary and compensate the client for his or her loss.

State governments often require warehousers to be bonded. They also establish financial requirements for bonding. For example, the state of Massachusetts requires all public warehousemen to be licensed and bonded, and the bond requirement is $10,000 per warehouse. Bond requirements can vary depending on the type of warehouse (e.g., grain warehouse, eviction warehouse, public warehouse).


Investment dictionary. . 2012.

Look at other dictionaries:

  • warehouse bond — noun : a bond for the safe custody and redelivery of stored goods upon surrender of the warehouse receipt …   Useful english dictionary

  • bond — bond1 W3 [bɔnd US ba:nd] n ▬▬▬▬▬▬▬ 1¦(money)¦ 2¦(relationship)¦ 3 bonds 4¦(with glue)¦ 5¦(chemistry)¦ 6¦(written agreement)¦ 7 my word is my bond 8 in/out of bond ▬▬▬▬▬▬▬ [Date: 1200 1300; …   Dictionary of contemporary English

  • Bond — (b[o^]nd), n. [The same word as band. Cf. {Band}, {Bend}.] 1. That which binds, ties, fastens, or confines, or by which anything is fastened or bound, as a cord, chain, etc.; a band; a ligament; a shackle or a manacle. [1913 Webster] Gnawing with …   The Collaborative International Dictionary of English

  • Bond creditor — Bond Bond (b[o^]nd), n. [The same word as band. Cf. {Band}, {Bend}.] 1. That which binds, ties, fastens, or confines, or by which anything is fastened or bound, as a cord, chain, etc.; a band; a ligament; a shackle or a manacle. [1913 Webster]… …   The Collaborative International Dictionary of English

  • Bond debt — Bond Bond (b[o^]nd), n. [The same word as band. Cf. {Band}, {Bend}.] 1. That which binds, ties, fastens, or confines, or by which anything is fastened or bound, as a cord, chain, etc.; a band; a ligament; a shackle or a manacle. [1913 Webster]… …   The Collaborative International Dictionary of English

  • Bond of a slate — Bond Bond (b[o^]nd), n. [The same word as band. Cf. {Band}, {Bend}.] 1. That which binds, ties, fastens, or confines, or by which anything is fastened or bound, as a cord, chain, etc.; a band; a ligament; a shackle or a manacle. [1913 Webster]… …   The Collaborative International Dictionary of English

  • Bond timber — Bond Bond (b[o^]nd), n. [The same word as band. Cf. {Band}, {Bend}.] 1. That which binds, ties, fastens, or confines, or by which anything is fastened or bound, as a cord, chain, etc.; a band; a ligament; a shackle or a manacle. [1913 Webster]… …   The Collaborative International Dictionary of English

  • bond — bond1 [bänd] n. [ME bond, band: see BAND1] 1. anything that binds, fastens, or restrains 2. [pl.] a) fetters; shackles b) Archaic imprisonment; captivity 3 …   English World dictionary

  • bond note — ➔ note1 * * * bond note UK US noun [C] COMMERCE, TRANSPORT, TAX ► a document that allows goods to be taken from a bonded warehouse (= a place where goods are kept before tax is paid on them) and imported or exported …   Financial and business terms

  • warehouse — [wer′hous΄; ] for v., usually [, wer′houz΄] n. [ME: see WARE1 & HOUSE] 1. a building where wares, or goods, are stored, as before distribution to retailers, or are kept in reserve, in bond, etc. 2. Chiefly Brit. a wholesale store or, esp.… …   English World dictionary