CAT bond
A high-yield, insurance-backed bond containing a Provision causing Interest and/or Principal payments to be delayed or lost in the event of loss due to a specified catastrophe, such as an earthquake. also called Catastrophe bond.
A high-yield, insurance-backed bond containing a Provision causing Interest and/or Principal payments to be delayed or lost in the event of loss due to a specified catastrophe, such as an earthquake. also called Catastrophe bond.