Pfin (with Mindtap, 1 Term Printed Access Card) (mindtap Course List)
7th Edition
ISBN:9780357033609
Author:Randall Billingsley, Lawrence J. Gitman, Michael D. Joehnk
Publisher:Randall Billingsley, Lawrence J. Gitman, Michael D. Joehnk
Chapter8: Insuring Your Life
Section: Chapter Questions
Problem 1LO
Related questions
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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