What does Municipal Bond Insurance mean? Read on to discover the definition & meaning of the term Municipal Bond Insurance - to help you better understand the language used in insurance policies.
Municipal Bond Insurance
Municipal bond insurance provides financial reimbursement to a party if a default occurs on a municipal bond. This type of insurance is designed to provide the policyholders with enough confidence to get involved in municipal projects such as the construction of bridges, roads, or schools.
We hope the you have a better understanding of the meaning of Municipal Bond Insurance.