### Question
What is the definition of Insured Bond?


### Answer
The definition of **Insured Bond** is as follows in *48 U.S.C. § 2231*:

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

#### Citation:
  - *48 U.S.C. § 2231*
  - Heading: **CHAPTER 20-PUERTO RICO OVERSIGHT, MANAGEMENT, AND ECONOMIC STABILITY > SUBCHAPTER VI-CREDITOR COLLECTIVE ACTION**

