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lakemen
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Joined: 18 May 2005
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 Posted: Sat Jul 08, 2006 7:20 am Post subject: Municipal Bond Insurance
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Municipal Bond Insurance
Coverage that guarantees bondholders timely payment of interest and principal even if the issuer of the bonds defaults. Offered by insurance companies with high credit ratings, the coverage raises the credit rating of a municipality offering the bond to that of the insurance company. It allows a municipality to raise money at lower interest rates. A form of financial guarantee insurance. |
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