from Wiktionary, Creative Commons Attribution/Share-Alike License
- n. A company operating in only one industry or line of business; often specifically a bank specializing in credit card issuance.
- n. An insurer specialized in insuring investment-grade securities against loss.
- n. A font line of consistent width, as occurs when imitating pencil script.
- n. A length of monofilament line, used for culturing forms of seaweed.
- n. A type of composing machine in which each line of type is cast as a single slug.
- n. A single spectrum line.
from The Century Dictionary and Cyclopedia
- n. A trade-name of a form of typesetting machine which produces a solid line of type, or type-bar.
Morgan Stanley's filing also noted that the firm had tempered a bearish trading position that the firm had on insurance firm MBIA Inc. The short-term move, part of an overall hedging strategy tied to Morgan's ownership of municipal bonds and mortgage securities, resulted in "a positive net derivative counterparty exposure of $782 million" to the so-called monoline insurance firms, primarily MBIA, the filing said.
He held a hearing in mid-December on the demise of those so-called monoline insurers at the hands of mortgage-related deals.
While a downgrade would be unprecedented, he compares it to the fall of some so-called monoline insurers of bonds in 2008, which stirred deep uncertainty in the market.
Citigroup has reserves of about $5.5 billion for exposure to so-called monoline insurers, including Ambac, in the event they are unable to fulfill their commitments.
Agricole said its exposure to so-called monoline bond insurers cut net profit by €1.34 billion in the first half and €693 million in the second quarter.
It has challenged the legitimacy of entire business models -- think of the so-called monoline bond insurers or the government-sponsored housing enterprises.
Bond insurers used to just guarantee municipal bonds, becoming known as monoline insurers because they didn't take on any other types of risk.
According to people familiar with the matter, the Perella Weinberg assignment focuses on protecting policy holders who are customers of so-called monoline insurers, such as Ambac Financial Group and MBIA.
The Perella Weinberg assignment focuses on protecting policyholders who are customers of so-called monoline insurers, which include Ambac Financial Group Inc. and MBIA Inc., according to people familiar with the assignment.
Mr. Buffett went on TV to announce that he had offered to reinsure up to $800 billion of municipal bonds currently underwritten by the so-called monoline bond insurers.