WEATHER BOND
\wˈɛðə bˈɒnd], \wˈɛðə bˈɒnd], \w_ˈɛ_ð_ə b_ˈɒ_n_d]\
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When weather risks cause securitization. These risks can be temperature or percipitation. This is not the result of a catastrophe. Repayment stops when loss causing weather damages crops. Refer to catastrophe bond, life acquisition cost securitization, mo
By Henry Campbell Black
Word of the day
Snake's-head
- Guinea-hen flower; -- so called in England because its spotted petals resemble the scales of a snake's head.