Monoline definition

mŏnə-līn
An insurance company that specializes in guaranteeing the timely repayment of bond principal and interest in the event of default.
noun
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Other Word Forms

Noun

Singular:
monoline
Plural:
monolines

Origin of monoline

  • From the fact that such companies have only one line of business or field of activity

    From American Heritage Dictionary of the English Language, 5th Edition