FT MarketWatch

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.

Related Terms: 10 Call, Catastrophe bond, ECI, High, Insurance, Interest, Inc., Provision, Principal, Yield
Other Related Pages: Category: Bonds Starting With: C
Semi Related Terms: 644 CLICK HERE TO VIEW