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Uninsured Depositor |
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Uninsured Depositor A municipal bond for which a bond insurance company does not guarantee payment. An uninsured bond is only protected by the revenues of the issuing municipality, and does not have an outside guarantor. For that reason, an uninsured bond carries more risk, and therefore usually carries a higher coupon rate than an insured bond. Want to thank TFD for its existence? Tell a friend about us, add a link to this page, add the site to iGoogle, or visit the webmaster's page for free fun content. |
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