Definitions for "LOST INSTRUMENT BOND"
A bond that guarantees that the owner of a lost stock, bond, etc. certificate or other financial instrument will hold the firm harmless against loss if it will issue a replacement certificate.
Bond issued to a firm guaranteeing that the owner of a lost financial instrument will hold the firm harmless against loss if it will issue a duplicate instrument.
A bond given by the owner of a valuable security such as stock, bond, certified check, etc., which has been lost or destroyed.