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Term of the Day
indemnity bond
indemnity
indenture
Definition
An
insurance bond
used by
mortgage
providers as an
additional
measure of
security
to
cover
loan amounts
worth
about 75% o the
value
of the
property
. This
bond
protects
lenders
from
loss
should the
borrower
default
on a
loan
.
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Popular 'Bonds' Terms
bond
debt/equity ratio
security
market capitalization
finance
yield
surety bond
derivative
debenture
risk
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