Insured bond

A municipal bond backed both by the credit of the municipal issuer and by commercial insurance policies. The New York Times Financial Glossary

Financial and business terms. 2012.

Look at other dictionaries:

  • Insured Bond — A bond with interest and principle payments insured by a third party. Insured bonds are usually found as a feature of municipal bonds; they are purchased, underwritten and repackaged by a financial guarantee company who then sells the issue to… …   Investment dictionary

  • insured bond — A municipal bond backed both by the credit of the municipal issuer and by commercial insurance policies. Bloomberg Financial Dictionary …   Financial and business terms

  • Bond insurance — (also known as financial guaranty insurance ) is a type of insurance whereby an insurance company guarantees scheduled payments of interest and principal on a bond or other security in the event of a payment default by the issuer of the bond or… …   Wikipedia

  • Insured municipal bond fund — взаимный фонд гарантированных муниципальных облигаций. Процентный доход освобождается от налогов, а сами облигации застрахованы от дефолта крупнейшими страховыми компаниями. См. также: Фонды муниципальных облигаций Финансовый словарь Финам …   Финансовый словарь

  • Municipal bond — Financial markets Public market Exchange Securities Bond market Fixed income Corporate bond Government bond Municipal bond …   Wikipedia

  • American Municipal Bond Assurance Corporation — The first municipal bond insurance company, formed in 1971 as a subsidiary of MGIC Investment Corp. of Milwaukee; now more commonly known as Ambac Financial Group, Inc. The American Municipal Bond Assurance Corporation insures new municipal bond… …   Investment dictionary

  • Surety bond — A surety bond is a contract among at least three parties: * The principal the primary party who will be performing a contractual obligation * The obligee the party who is the recipient of the obligation, and * The surety who ensures that the… …   Wikipedia

  • wrapped bond — USA A bond that is guaranteed by a monoline. A wrapped bond has the same credit rating as the insuring monoline which is generally higher than the credit rating of the bond issuer. As a result of the guarantee and higher credit rating, the issuer …   Law dictionary

  • Death Bond — A security backed by life insurance which is derived by pooling together a number of transferable life insurance policies. Similar to mortgage backed securities, the life insurance policies are pooled together and then repackaged into bonds to be …   Investment dictionary

  • blanket bond — noun 1. : an insurance policy covering a wide variety of risks (as loss from dishonesty of employees, burglary, misplacement, damage, or destruction of property) 2. : a fidelity bond covering all or all of a category of the employees of the… …   Useful english dictionary

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