noun
An insurance company that specializes in guaranteeing the timely repayment of bond principal and interest in the event of default.
Origin of monoline
From the fact that such companies have only one line of business or field of activitymonoline
THE AMERICAN HERITAGE® DICTIONARY OF THE ENGLISH LANGUAGE, FIFTH EDITION by the Editors of the American Heritage Dictionaries. Copyright © 2016, 2011 by Houghton Mifflin Harcourt Publishing Company. Published by Houghton Mifflin Harcourt Publishing Company. All rights reserved.
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"monoline." YourDictionary, n.d. Web. 19 January 2019. <https://www.yourdictionary.com/monoline>.
APA Style
monoline. (n.d.). Retrieved January 19th, 2019, from https://www.yourdictionary.com/monoline
