| 释义 |
bailout bond Bailout bondA bond issued by the Resolution Funding Corporation (Refcorp) to save the failing savings and loan associations in the late 1980s and early 1990s.Bailout BondA bond issued by the Resolution Funding Corporation in order to raise funds for the Resolution Trust Corporation. That is, bailout bonds were issued in order to pay for the closure, reorganization, and the financing of savings and loans that went bankrupt during the S&L crisis. The principal on bailout bonds were guaranteed by zero-coupon Treasury bonds, meaning that they were backed by the full faith and credit of the United States government. See also: Financial Institutions Reform, Recovery and Enforcement Act of 1989.bailout bond U.S. government-guaranteed debt issued by the Resolution Funding Corporation to pay for the rescue of bankrupt savings and loan associations. |