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municipal bond insurance

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Municipal bond insurance
An insurance policy which guarantees payment on municipal bonds in the event of default .
municipal bond insurance
A guarantee from a third party that principal and interest will be paid to a bondholder. Municipal bond insurance is written by private corporations for a fee paid by issuers hoping to obtain higher ratings and lower interest costs. Investors purchasing insured bonds or insured trusts obtain increased safety at the cost of lower yields.
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