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.
Life’s a Party
Learn more about the various parties involved in a municipal securities transaction and their roles.
See Also
Start with the Bond Basics
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Selling Group Agreement
An agreement sometimes used in addition to an Agreement Among Underwriters when a selling group consists of more entities than just underwriters in a syndicate.