Business and Personal Finance Dictionary

# A B C D E F G H I J K L M N O P Q R S T U V W X Y Z 

• INSURED BONDS
  
  Many municipal bonds are backed by municipal bond insurance that is specifically designed to reduce investment risk. In the event of a Default, the insurance company guarantees payment of principal and interest to the investors for as long as the Default lasts. Most insured bonds carry the highest quality credit rating -AAA.
  
  Back