MBIA INSURANCE CORPORATION
A division of publicly traded Municipal Bond Insurance Association, Inc. that primarily issues financial guarantee worldwide. It used to back municipal bonds and structured finance products. This insurance company serves as an avenue to credit enhancement, as the corporation will take care of the interest and principal on any bond that is suffering from an issuer default.
Having an MBIA insurance on a municipal bond usually ensures an AAA rating or equivalent to major ratings agencies, thus making the bonds more marketable to investors.
POPULAR TERMS
Indenture
Legal and binding contract between a bond issuer and the bondholders that defines all the significant details of a bond including timing of interes ...
Dollar Bond
Bond denominated in US dollar traded outside America. Along with the principal, any coupon payment from this bond is paid in American funds ...
Buy to Cover
Stock transaction which closes out a prevailing short position. Short sale entails selling shares of a firm that one does not own as stocks are bor ...
Actuarial Science
A type of discipline that evaluates financial risk in the finance and insurance fields with the use of statistical and mathematical methods. Actuar ...
Bubblecovery
Situation in which the economy seems to be rebounding after a recession, but it will be entering an asset bubble and giving the impression of a rec ...
POPULAR ARTICLE
SEE FOREX TUTORIAL
Buying a Home: Finding the Best House
Nothing can stop you from looking for the home of your dreams. Even though you have no agent, you can do your own diligence. Drive around neighborh ...
An Introduction to Forex Currencies
As the biggest market in the world, the foreign exchange market or forex is also one of the most participated in the world. As such, learning about ...
Digesting Financial Statements: Cash Flow
Companies generate money from borrowers and/or borrow money from creditors. Next, firms purchase assets and/or finance projects and programs. Then, ...
Ethical Investing: Activism and Advocacy of Shareholders
Activist investors are not contented with just purchasing stocks and supporting its actions or decisions. They want to change the norms of targeted ...
Starting Your Own Small Business: Choosing What You Want to Sell
Some people say that the only real way to get rich is by starting your own business. However, this is untrue; there are a lot of reasons to start y ...
ECONOMIC CALENDAR
| Time | Country | Indices | Period |
|---|---|---|---|
| 02:30 | Home Loans | Oct | |
| 07:00 | Economy Watchers Survey | Nov | |
| 08:30 | BOE Deputy Governor for Financial Stability Jon Cunliffe Speaks | ||
| 08:30 | BOC Deputy Governor Timothy Lane Speaks | ||
| 08:45 | Unemployment Rate | Nov | |
| 09:00 | Trade Balance | Oct | |
| 11:00 | Industrial Production | Oct | |
| 11:30 | GDP | Oct | |
| 11:30 | Industrial Production | Oct |
