American Municipal Bond Assurance Corporation Definition

American Municipal Bond Assurance Corporation

Definition

AMBAC. A corporation which offers insurance policies on new municipal bond offerings. An offering with such insurance can command a higher price upon issue, depending on the extent to which the insurance policy guarantees interest and principal repayments

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Nearby Terms

American Association of Individual Investors
American Bankers Association
American Depositary Receipt
American Depositary Share
American Institute of Certified Public Accountants
American Municipal Bond Assurance Corporation
American option
American Recovery & Reinvestment Act (ARRA)
American Stock Exchange
American-style option
AMEX

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