Municipal bond insurance definition

Municipal bond insurance means a type of surety insur- ance authorized by s. Ins 6.75 (2) (g) which is limited to the guar- anteeing of the performance and obligations of municipal bonds.

Examples of Municipal bond insurance in a sentence

  • Municipal bond insurance written by the Company insures the full and timely payment of principal and interest when due on scheduled maturity, sinking fund or other mandatory redemption and interest payment dates to the holders of municipal securities.

  • Municipal bond insurance written by the Company insures the full and timely payment of principal and interest when due on scheduled maturity, sinking fund, or other mandatory redemption and interest payment dates to the holders of municipal securities.

  • Ferreira, 2017, The economic effects of public financing: Evidence from municipal bond ratings recalibration, Review of Financial Studies 30, 3223–3268.Agrawal, Ashwini, and Daniel Kim, 2021, Municipal bond insurance and the U.S. drinking water crisis,Working paper .

  • Municipal bond insurance is a contract between the muni issuer and the insurance company.

  • Municipal bond insurance serves a valuable function in the municipal securities market as it provides comfort to investors that a third party will make timely principal and interest payments on their bonds should the need arise, in addition to reducing an issuer’s borrowing costs.

  • A limitation of an eddy-viscosity based model is that these models are less sensitive to system rotation and streamline curvature.

  • Municipal bond insurance, which is usually purchased by the bond issuer from a private, non-governmental insurance company, provides an unconditional and irrevocable guarantee that the insured bond’s principal and interest will be paid when due.

  • Municipal bond insurance was introduced in the US in the early 1970's.61.

  • In this paper we present a technique for undoing low-level optimizations based on speculation in order to expose the original structure of speculative programs.The remainder of the paper is organized as follows.

  • Municipal bond insurance continued to flourish during the next two decades.

Related to Municipal bond insurance

  • Bond Insurer means any insurance company which issues a municipal bond insurance policy insuring the payment of principal of and interest on the Refunding Bonds.

  • Mortgage guaranty insurance means surety insurance under which a mortgagee or other creditor is indemnified against losses caused by the default of a debtor.

  • insurance agent means, subject to subsection (2), any person who for any compensation and through any medium does one or more of the following:

  • Title insurance agent means an agent licensed in the Commonwealth to sell, solicit, or negotiate