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.
Debt obligations with maturities of between 1 and 270 days; usually backed by some form of credit enhancement.