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.
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Syndicate
Professional lenders or underwriters grouped to facilitate a huge transaction that is difficult or impossible to be handled by an entity alone. Syn ...
Foreign-Exchange Risk
The risk of the value of an investment changing due to changes in currency exchange rates.
Outright Futures Position
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Annual
An event that takes place once a year. The annual reports or events may include shareholder meetings, taxes, and corporate filings such as a 10-K. ...
Demand Note
A loan with no fixed term or set duration of repayment. It can be recalled upon the lenders request, assuming the notice required by the provisions ...
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