### Question
What does Insured Bond mean?


### Answer
**Insured Bond** has the following meaning in *48 U.S.C. § 2161*:

> a bond subject to a financial guarantee or similar insurance contract, policy and/or surety issued by a monoline insurer

#### Citation:
  - *48 U.S.C. § 2161*
  - Heading: **CHAPTER 20-PUERTO RICO OVERSIGHT, MANAGEMENT, AND ECONOMIC STABILITY > SUBCHAPTER III-ADJUSTMENTS OF DEBTS**

