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Bond insurance

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BOND INSURANCE is insurance purchased by bond issuers to guarantee the timely payment of principal and interest, primarily for municipal bond issues. The Municipal Bond Investment Assurance Corp. (MBIA), Federal Guarantee Insurance Corp. (FGIC) and AMBAC Indemnity Corp. (AMBAC) are among the largest insurers. Insured bonds are rated AAA.


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  • Bond premium

    , bond premium is the excess of the issue price over the face value of the bond.
  • Bond rating

    , bond rating is a measure of credit quality ranging from aaa to d by bond rating services such as moody's, standard & poor's or fitch's. bonds...
  • Bond referendum

    , bond referendum see referendum .
  • Bond sinking fund

    , bond sinking fund is a provision to repay a bond.
  • Bonded warehouse

    , bonded warehouse is a warehouse authorized by customs officials for the storage of goods on which payment of duty is deferred until the goods are removed.
  • Bonding

    , bonding is generally used by service companies as a guarantee to their clients that they have the necessary ability and financial tracking to meet their...
  • Book cost

    , book cost, normally, is the cost at the time an asset is purchased or realized, i.e. the total amount paid to acquire an asset.
  • Book entry transaction

    , book entry transaction, in securities, is a transaction that does not entail physical transfer of paper securities. an entry is made on the books of...
  • Book income

    , book income is the income reported within the financial statements of the taxable entity, i.e., taxable income normally is not aligned with the financial...
  • Book inventory

    , book inventory is the acquisition cost of all inventory less liabilities associated with the inventory. see book value .
  • Book of accounts

    , book of accounts see ledger .
  • Book of final entry

    , book of final entry see ledger .
  • Book profit

    , book profit see book income .
  • Book value

    , book value is an accounting term which usually refers to a business historical cost of assets less liabilities. the book value of a stock is determined...
  • Book value of equity

    , book value of equity is the difference between the book value of assets and the book value of liabilities.
  • Book(s)

    , book(s) when used as a noun refers to journals or ledgers (for example: cash book). when used a verb it refers to the recording of an entry (for example:...
  • Book-tax difference

    , book-tax difference is pretax book income minus tax net income.
  • Book-to-bill ratio

    , book-to-bill ratio is the ratio of orders taken (sic booked) to products shipped and bills sent (sic billed). the ratio is a measure of whether a company...
  • Book-to-market

    , book-to-market is the ratio of the firms book equity to market equity.
  • Bookbuild

    , bookbuild is a particular way of conducting a float where the price at which shares are sold is not fixed, but rather is determined following a process...
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