by lakemen » Sat Jul 08, 2006 07:20 am
Municipal Bond Insurance
A guarantee, offered by insurance companies with high credit ratings, for bondholders to get timely payments of principal and the interest even when the issuer of the bond defaults.
A guarantee, offered by insurance companies with high credit ratings, for bondholders to get timely payments of principal and the interest even when the issuer of the bond defaults.
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