indemnity bond
noun[C]
INSURANCEukusalegalagreementin which afinancialorganizationpromisesto make apaymentto anorganizationthat haslentmoneyif they do not get theloanback:
Lendersreducetheirriskby usingindemnitybondsformortgagesover 70-80 % of thevalueof theproperty.