catastrophe bond
noun[C]
ukusFINANCE
atypeofinvestmentthatpaysa highrateofinterestunlessthere is anaturaldisaster, such as aflood,forestfire, etc. If thishappens, theinvestmentislostand themoneyis used tohelpthepeopleaffected
Examplesofcatastrophe bond
catastrophe bond
To date, all directcatastrophebondinvestors have been institutional investors, since all broadly distributed transactions have been distributed in that form.
From
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Wikipedia
This example is from Wikipedia and may be reused under a CC BY-SA license.Acatastrophebondis rated based on its probability of default due to a qualifying catastrophe triggering loss of principal.
FromThis example is from Wikipedia and may be reused under a CC BY-SA license.
Wikipedia
This example is from Wikipedia and may be reused under a CC BY-SA license.By year end 2006, it began to appear as though supply and demand in the reinsurance andcatastrophebond markets had achieved balance at the prevailing price level.
FromThis example is from Wikipedia and may be reused under a CC BY-SA license.
Wikipedia
This example is from Wikipedia and may be reused under a CC BY-SA license.Catastrophe bonds are typically used by insurers as an alternative to traditional catastrophe reinsurance.
FromThis example is from Wikipedia and may be reused under a CC BY-SA license.
Wikipedia
This example is from Wikipedia and may be reused under a CC BY-SA license.These were the first true sidecars, and were a natural outgrowth of the development of re/insurance as an asset class in the form of catastrophe bonds.
FromThis example is from Wikipedia and may be reused under a CC BY-SA license.
Wikipedia
This example is from Wikipedia and may be reused under a CC BY-SA license.These examples are from corpora and from sources on the web. Any opinions in the examples do not represent the opinion of the Cambridge Dictionary editors or of Cambridge University Press or its licensors.
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