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Act of god bond
A bond issued by an insurance company, linking principal and interest to a company's losses due to natural disasters. Act of God bonds are issued by insurers to protect against unforeseen events.
- Part of Speech: noun
- Synonym(s):
- Blossary:
- Industry/Domain: Financial services
- Category: Finance
- Company: Goldman Sachs Group
- Product:
- Acronym-Abbreviation:
Other Languages:
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