Municipal bond insurance

 

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Municipal bond insurance

In the US, an insurance policy which guarantees a mutual bond in the case of default, issued by private insurers.

Municipal bond insurance

An insurance policy which guarantees payment on municipal bonds in the event of default .



Municipal bond insurance

Similar Matches

Municipal bond

Municipal bond

In the US, a bond issued by a state or local government to raise money - often to pay for a special project such as a highway. In certain cases, interest is tax exempt.


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A municipal bond price tracking index published daily by the Bond Buyer.


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Municipal bonds with one certificate which is valid for the entire issue, and having no individual certificates, easing transactions. See: Book-entry securities.


Municipal Investment Trust (MIT)

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A unit investment trust that buys municipal bonds and usually holds them until maturity, passing the bond income on to shareholders, usually tax-free.


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In the US, a municipal debt obligation with a maturity of two years or less.


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