An early redemption of a municipal revenue bond due to the destruction of the funded project by a catastrophe, such as a flood. The bond is redeemed early because the revenue source for the bond no longer exists. For example, if a municipal revenue bond was issued to fund a toll road, and that road was destroyed by an earthquake, the bond would be called and investors would only receive principal.
Related information about catastrophe call:
- Catastrophe Call Definition | Investopedia
A call provision in municipal bonds that allows for the early redemption of the instrument if a catastrophic event occurs and severely damages the project ...
- What is catastrophe call? definition and meaning
Definition of catastrophe call: An early redemption of a municipal revenue bond due to the destruction of the funded project by a catastrophe, such as a flood.
- Catastrophe Call - Financial Dictionary - The Free Dictionary
Early redemption of a municipal revenue bond because a catastrophe has destroyed the project that provided the revenue source backing the bond.
- Catastrophe Call: Definition from Answers.com
premature redemption of a municipal revenue bond because a catastrophe destroyed the source of the revenue backing the bond.
- MWCIA Circular 10-1584 - Large Loss and Catastrophe Call
Nov 10, 2010 ... The Large Loss and Catastrophe Call collects claim-level detail on large loss claims where the total case incurred losses (the sum of indemnity ...
- catastrophe's call - YouTube
Sep 11, 2012 ... RISR Is A Sensor Web You Wear 10:00. Watch Later RISR Is A Sensor Web You Wearby quadrantmind2 views · Defold Game Engine 0:46 ...
- m P 10
Like any other call spread, a catastrophe call spread involves buying a call at a strike price of k, and selling a call at a higher strike, 4, both calls having the ...
- Market Price of Insurance Risk Implied by Catastrophe Derivatives
on the market. Section 3 derives the market price for catastrophe risk implied by a catastrophe call option and a reinsurance portfolio. We conclude in Section 4.