Tag: insurance

Export-Import Bank Of The United States – Ex-Im Bank definition explanation

What is Export-Import Bank Of The United States – Ex-Im Bank?
A federal agency responsible for facilitating international trade by financing the purchase of domestic exports and providing guarantees or insurance for foreign lines of credit. The Ex-Im bank was created in 1934, after congress established it to be the official export credit agency in the United States. Read more for examples and further explanation including related video clips and also comments
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Monoline Insurance Company definition explanation

What is Monoline Insurance Company?
An insurance company that provides guarantees to issuers, often in the form of credit wraps, that enhance the credit of the issuer. These insurance companies first began providing wraps for municipal bond issues, but now provide credit enhancement for other types of bonds, such as mortgage backed securities and collateralized debt obligations. Read more for examples and further explanation including related video clips and also comments
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Authority Bond definition explanation

What is Authority Bond?
A debt security issued by an authority, such as a corporate or government agency, for purposes of financing the operations of a revenue-generating public business. Investors in authority bonds have a claim to the business’s revenues, which serve as the bond’s yield. Read more for examples and further explanation including related video clips and also comments
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American Bankers Association – ABA definition explanation

What is American Bankers Association – ABA?
The American Bankers Association (ABA) is the largest banking trade association in the United States. Founded in 1875, the ABA represents banks of all sizes. The ABA offers a wide range of products and services to its members, in fields such as staff training, insurance, capital management, asset management, risk/compliance and consulting.

The nine-digit routing numbers seen on every check originate in a system of bank transit numbers developed by the ABA in 1910. Read more for examples and further explanation including related video clips and also comments
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