American Municipal Bond Assurance Corporation


Also found in: Acronyms.

AMBAC Financial Group, Inc.

A holding company whose subsidiaries provide guarantees and principal and interest payments on debt securities and some asset-backed securities. AMBAC's subsidiaries also provide other financial services, such as swaps and investment advice, mainly to state and local governments in the United States. It was founded in 1971 and is based in New York City.
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American Municipal Bond Assurance Corporation

Wall Street Words: An A to Z Guide to Investment Terms for Today's Investor by David L. Scott. Copyright © 2003 by Houghton Mifflin Company. Published by Houghton Mifflin Company. All rights reserved. All rights reserved.
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