catastrophe bond

catastrophe bond
catastrophe bond UK US noun [C]
FINANCE a type of investment that pays a high rate of interest unless there is a natural disaster, such as a flood, forest fire, etc. If this happens, the investment is lost and the money is used to help the people affected

Financial and business terms. 2012.

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  • Catastrophe Bond - CAT — A high yield debt instrument that is usually insurance linked and meant to raise money in case of a catastrophe such as a hurricane or earthquake. It has a special condition that states that if the issuer (insurance or reinsurance company)… …   Investment dictionary

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  • Catastrophe Call — A call provision in municipal bonds that allows for the early redemption of the instrument if a catastrophic event occurs and severely damages the project financed by the issue. Possible catastrophes will be listed in the bond s indenture and are …   Investment dictionary

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  • Grand Bond En Avant — République populaire de Chine Cet article fait partie de la série sur la politique de la Chine, sous série sur la politique …   Wikipédia en Français

  • Grand Bond en Avant — République populaire de Chine Cet article fait partie de la série sur la politique de la Chine, sous série sur la politique …   Wikipédia en Français

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