catastrophe bond
catastrophe bond · catastrophe bonds
A risk-linked security that transfers risk related to disasters from the issuer,…A risk-linked security that transfers risk related to disasters from the issuer, typically an insurance company, to investors. Such bonds and reinsurance are backstops to insurer insolvency from unexpectedly large losses.
Meaning
1 sensesA risk-linked security that transfers risk related to disasters from the issuer, typically an insurance company, to investors. Such bonds and reinsurance are backstops to insurer insolvency from unexpectedly large losses.
Forms
plural: catastrophe bonds| Singular | catastrophe bond |
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| Plural | catastrophe bonds |
regular
Synonyms
1 synonymsWord family
1 related wordsRelatedcat fund