Glossary Word Definition: Insurance
Insurance
Municipal bond insurance companies guarantee timely payment of principal and/or interest on municipal and certain other types of bonds in the event of a default. The major insurers are identitied by these symbols:
ACA - American Capital Access;
AMBAC - AmBAC Indemnity Corp;
CapMAC - Capital Markets Assurance Corp;
CL - Connie Lee;
FGIC - Financial Guaranty Insurance Co;
FSA - Financial Security Assurance Inc;
MBIA - MBIA Insurance Corp
