Municipal bond insurance protects investors who purchase bonds issued by government agencies. Issuers buy insurance to raise the bond’s rating, making it more attractive to investors. Insurance companies only insure entities with a strong investment grade credit rating. Municipal bond insurance provides protection to investors who have purchased municipal bonds, or munis, issued by state, […]
A municipal corporation is a local government that has been incorporated under the laws of a parent jurisdiction to govern itself in local matters. It is authorized by a state or province and handles issues such as traffic, business permits, and health and safety ordinances. It has the same rights and powers as a normal […]
