Insured bond

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.

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  • 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

  • INSURED MUNICIPAL BOND FUNDS — фонды гарантированных муниципальных облигаций. Процентный доход освобождается от налогов, а сами облигации застрахованы от дефолта крупнейшими страховыми компаниями, такими как American Municipal Pond Assurance Corp. (AMRAC) и Municipal Bond… …   Глоссарий финансовых и биржевых терминов

  • 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

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