catastrophe bond
Meanings
noun
- 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.
Word forms
Synonyms
Related words
This entry uses open data from Wiktionary (CC BY-SA/GFDL). Word forms are used for search and are not indexed as separate pages.