As I was TAUGHT, “Bolted Fault” is a theoretical concept wherein the fault has zero impedance /resistance. In testing of equipment for example, short circuit withstand tracings are done by literally bolting the output terminals together (these are fun to witness by the way, I’ve done so several times).
As I LEARNED later in real life, there is no official definition of “bolted fault”; it’s just a commonly used industry term (although it is used in NFPA 70E without definition I believe). Outside of the test lab, there is always some impedance and/or resistance in a fault. So by TESTING to a bolted fault condition, you are always testing to a worst case scenario that the equipment will never actually see in the real world.