Financial guarantee insurance

Financial guarantee insurance

Insurance created to cover losses from specified financial transactions.

Financial Guarantee Insurance

An insurance policy covering a lender from liability resulting from the failure of the borrower to repay the loan. It may also cover losses from a decrease in interest rates to the detriment of the lender. Financial guarantee insurance may cover different types of loans, but, in most U.S. states, usually does not include mortgages or certain credit lines. It is similar to a surety or a co-signed loan.
References in periodicals archive ?
Deposits and Guarantees required: The tenderer must submit a financial guarantee insurance (hereinafter insurance).
Syncora") today issued a statement correcting certain reports in the media concerning the City of Detroit (the "City") bankruptcy and the status of settlement discussions with, and recoveries to be received by, its wholly owned New York financial guarantee insurance subsidiaries, Syncora Guarantee Inc.
headquartered in Armonk, New York is a holding company whose subsidiaries provide financial guarantee insurance, as well as related reinsurance, advisory and portfolio services, for the public and structured finance markets, and asset management advisory services.
64 billion yen in the previous year, as a fall in revenue combined with heavy losses on financial guarantee insurance and securities holdings.
Diversity exists in practice in accounting for financial guarantee insurance contracts by insurance enterprises under FASB Statement No.
So is it possible in the context of financial guarantee insurance to limit or even eliminate the duty of disclosure (and the insurer's remedies)?
Syncora") today announced that its wholly owned, New York financial guarantee insurance subsidiary, Syncora Guarantee Inc.
64 billion yen in the previous year, as a fall in revenue was coupled with heavy losses on financial guarantee insurance and securities holdings.
a provider of financial guarantee insurance and the largest municipal bond-only insurer, since 2008.
It placed its AAA financial enhancement rating for Yasuda Kasai Financial Guarantee Insurance Co.
Deposits and Guarantees required: the certificate of insurance and financial guarantee insurance up to code for agents and brokers.
The new subsidiary, Yasuda Kasai Financial Guarantee Insurance Co.
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