Essentials Of Investments
11th Edition
ISBN:9781260013924
Author:Bodie, Zvi, Kane, Alex, MARCUS, Alan J.
Publisher:Bodie, Zvi, Kane, Alex, MARCUS, Alan J.
Chapter1: Investments: Background And Issues
Section: Chapter Questions
Problem 1PS
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Question
Define bond insurance
Expert Solution
Step 1: Definition of Bond Insurance
Bond Insurance is also known as financial guarantee insurance. As the name suggests, it means that the bond issuer buys such an insurance that guarantees repayment of principal and interests/coupons in case of bond default.
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