American municipal bond assurance corporation, Accounting Standards

Assignment Help:

The first municipal bond insurance company was created in 1971 as a supplementary of MGIC Investment Corp. of Milwaukee; now usually called as Ambac Financial Group, Inc. The American Municipal Bond Assurance Corporation assures new municipal bond offerings globally and is one of the foremost firms in its field. A municipal bond issuer may buy insurance coverage so as to raise investor confidence that principal and interest payments will be done in full and on time if the issuer fails to pay.

Due to extra confidence developed by this coverage, insured bonds can be priced higher, have lower interest rates and can be more liquid. Also, bonds insured by companies like the Ambac Financial Group in general take on the credit rating of their insurance companies, increasing investor confidence even more. 


Related Discussions:- American municipal bond assurance corporation

Human resource accounting, QUESTION The recognition of human capital by...

QUESTION The recognition of human capital by modern businesses has led to the development of Human Resource Accounting (HRA) Required- (a) Explain the following terms-

Development costs in its financial statements , AB Limited is a manufacturi...

AB Limited is a manufacturing entity that runs a number of operations including a bottling plant that bottles carbonated soft drinks. AB has been developing a new bottling process

Fixed assets, Fixed Assets These are tangible, relatively long-lived it...

Fixed Assets These are tangible, relatively long-lived items owned through the business. The benefit of these assets is obtainable not only in the accounting period wherein the

Inventory, Inventory Within a trading firm, inventory is merchandise he...

Inventory Within a trading firm, inventory is merchandise held for sale to customers into the ordinary course of business. In condition of manufacturing firms, inventory would

Profit and loss account, Loss and Profit Account is prepared so as to disce...

Loss and Profit Account is prepared so as to discern whether the firm has made net profit or suffered net loss for a specified accounting period. Such account deals along with indi

Financial accounting standards board, In 1973 and independent seven-member ...

In 1973 and independent seven-member full-time Financial Accounting Standards Board (FASB) replaced the Accounting Principles Board. The FASB has published numerous Statements of F

International accounting standard committee, International Accounting Stan...

International Accounting Standard Committee ( I. A. S.C. ) Defines inventories as Tangible property) a. Held for sale in the ordinary course of business. b. In the proces

Accounting information, explain how accounting information may be used when...

explain how accounting information may be used when an owner wants to justify a price in one of their lines of house paint

Intangible assets, These are assets or things of value without physical dim...

These are assets or things of value without physical dimensions. They cannot be touched; they representing intrinsic value without material being and they are incorporeal. One of t

Standards at international level, Standards at International Level: In vie...

Standards at International Level: In view of the development of international trade and multinational enterprises, the requirement for standardization at the international level w

Write Your Message!

Captcha
Free Assignment Quote

Assured A++ Grade

Get guaranteed satisfaction & time on delivery in every assignment order you paid with us! We ensure premium quality solution document along with free turntin report!

All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd