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Event-Linked Swap

A swap agreement in which a contingent payment on one leg is linked to a trigger event, such as a…

Catastrophe Bond

A high-yield, asset-based debt security that is issued by an insurance company with principal, interest, or both linked to the...

Act of God Bond

A high-yield, asset-based debt security that is issued by an insurance company with principal, interest, or both linked to the...