Bond Insurance (Policy)
A financial guaranty insurance policy provided by a bond insurer which pledges to make scheduled payments of interest and principal of a bond issue in the event the issuer is unable to make those payments on time.
bond-basics
Bond Insurer
A company that issues the Bond Insurance Policy for a Bond Issue.
See Also
Start with the Bond Basics
Term of the Week
Pre-Closing
A meeting of all the parties prior to the closing, often held the day before the closing.