What is the Definition of Financial Guarantee Insurance?
Covers losses from specific financial transactions and guarantees that investors in debt instruments, such as municipal bonds, receive timely payment of principal and interest if there is a default. Raises the credit rating of debt to which the guarantee is attached. Investment bankers who sell asset-backed securities, securities backed by loan portfolios, use this insurance to enhance marketability. (See Municipal bond insurance)
Source: Insurance Handbook A guide to insurance: what it does and how it works | https://www.iii.org/
Label: Insurance
Theme: Dictionary of Insurance Terms
Other Questions: What is the definition of Annuity?
What is the Definition of Financial Guarantee Insurance?
You can find random definition and meaning of insurance terms below:
Meaning of Purchasing Group in Insurance Terms
An entity that offers insurance to groups of similar businesses with similar exposures to risk.
Meaning of Pure Endowment in Insurance Terms
A life insurance contract that pays a periodic income benefit for the life of the owner of the annuity. The payment can be monthly, quarterly, semiannually or annually.
Meaning of Pure Life Annuity in Insurance Terms
A form of annuity that ends payments when the annuitant dies. Payments may be fixed or variable.
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