TagBond

enter runoff

enter runoff  v. phr.— «It looks like some insurers will “enter runoff,” that is, do no new business and instead collect their premiums as the bonds they insure mature.» —“Ambac, MBIA Finally Have Their ’Peggy Lee Moment'” by Joe Mysak Bloomberg...

sterilisation

sterilisation  n.— «Central banks build reserves by creating domestic currency to buy the dollar and euro reserves. This has a cost, via inflation or through what is known as “sterilisation.” Sterilisation costs arise when a central bank offsets its...