What does covered bond mean?
Definitions for covered bond
cov·ered bond
This dictionary definitions page includes all the possible meanings, example usage and translations of the word covered bond.
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Wikipedia
Covered bond
Covered bonds are debt securities issued by a bank or mortgage institution and collateralised against a pool of assets that, in case of failure of the issuer, can cover claims at any point of time. They are subject to specific legislation to protect bond holders. Unlike asset-backed securities created in securitization, the covered bonds continue as obligations of the issuer; in essence, the investor has recourse against the issuer and the collateral, sometimes known as "dual recourse." Typically, covered bond assets remain on the issuer's consolidated balance sheet (usually with an appropriate capital charge). As of beginning of 2019 volume of outstanding covered bonds worldwide was euro 2,577 billion, while largest markets were Denmark (€406 bil.), Germany (€370 bil.), France (€321 bil.) and Spain (€232 bil.).
Numerology
Chaldean Numerology
The numerical value of covered bond in Chaldean Numerology is: 5
Pythagorean Numerology
The numerical value of covered bond in Pythagorean Numerology is: 8
Translations for covered bond
From our Multilingual Translation Dictionary
- மூடப்பட்ட பிணைப்புTamil
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"covered bond." Definitions.net. STANDS4 LLC, 2024. Web. 27 Apr. 2024. <https://www.definitions.net/definition/covered+bond>.
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