What does the term bondable mean?

Question

is it the same as a security check

Answer 1

the dictionary lists many terms but few give an accurate definition that pertains to employment, with out tons of legal terms that mostly just confuse the c**p out of the reader.

Yes is it a criminal check, so when employers ask if you are bond-able they want to know if you have any criminal convictions in which you have not been granted a pardon for. Some employers will even make you get a criminal check that is there way of making sure you are bond-able, and others will ask you to sign a form that allows them to obtain this information.

So yes it is the same as a security or criminal record check. The company that is hirering you, has an insurance policy that covers them for liabilities. So most of the time its not you putting up bond money, but the insurance companies policy. and mandates the company to do references checks etc.

Answer 2

The term bondable refers to the capacity of being bonded.  Bonding is a form of insurance.  The insurance,generally, protects against employee malfeasance such as theft or fraud.  The bonding company in assessing the risk of the company seeking the bond will perform security checks on the employees as one part of their risk assessment.  If you have criminal record and you wish to work for a bonded carrier or bonded warehouse, where public goods are delivered or stored, you will not be "bondable" and you will not be hired by that company.

I hope that helps.

Answer 3

no. bondable means being of the character and person able to be trusted in a position in which a bond (guarantee of payment) can be issued for you. many businesses require a person be bonded to cover certain financial obligations to a third party. if you are bonded, then a bonding company has agreed to pay for anything you may not have paid to a third party. but then they come after you because of their loss when they pay a claim against your  account or because you took off without paying a claim. certain bonds are extremely costly others very cheap. if you have a criminal background, most bonding companies will refuse to bond you.  a security check dtermines if you can be trusted with certain types of information, as in government jobs. or as company security personnel. in some cases, being given a security clearance and/or bonded can bring higher income due to being more trusworthy.