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.

Related Terms: 8 ECI, High, Insurance, Interest, Inc., Provision, Principal, Yield

Other Related Pages: Category: Bonds Starting With: C

Additional Related Terms: 10-Q, 10-K, 52-week high, Accrual bond, Accrual of discount, Accrued interest, Accumulation bond, Agency bond, American Municipal Bond Assurance Corporation, Amortization of premium