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.
A company that issues the Bond Insurance Policy for a Bond Issue.
Learn more about the various parties involved in a municipal securities transaction and their roles.
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.
An agreement, usually between an issuer (or borrower), a trustee, and a commercial bank, used to guarantee repurchase of bonds that are subject to short call provisions if such bonds are tendered for purchase by the bondholders and not simultaneously remarketed to and purchased by new bondholders.