What is the Definition of Bond Rating?
An evaluation of a bond’s financial strength, conducted by such major ratings agencies as Standard & Poor’s and Moody’s Investors Service.
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 Insurance?
What is the Definition of Bond Rating?
Check out other definition of insurance terms below:
What is the Meaning of HURRICANE DEDUCTIBLE In Insurance Terms?
A percentage or dollar amount added to a home-owners insurance policy to limit an insurer’s exposure to loss from a hurricane. Higher deductibles are instituted in higher risk areas, such as coastal regions. Specific details, such as the intensity of the storm necessary for the deductible to be triggered and the extent of the high risk area, vary from insurer to insurer and state to state.
What is the Meaning of HYBRID ANNUITY In Insurance Terms?
An annuity with features of both fixed and variable annuities. (See Fixed annuity; variable annuity)
What is the Meaning of IDENTITY THEFT INSURANCE In Insurance Terms?
Coverage for expenses incurred as the result of an identity theft. Can include costs for notarizing fraud affidavits and certified mail, lost income from time taken off from work to meet with law enforcement personnel or credit agencies, fees for reapplying for loans and attorney’s fees to defend against lawsuits and remove criminal or civil judgments.
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