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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 Institute of Banking
- American Institute of Certified Public Accountants
- American Institute of Real Estate Appraisers
- American Insurance Association
- American Land Title Association (ALTA) policy
- American Municipal Bond Assurance Corporation
- American opportunity tax credit
- American option
- American Recovery & Reinvestment Act (ARRA)
- American standard
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