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surplus debenture

A surplus debenture is a debt instrument accounted for as equity under statutory accounting rules, used when investors loan surplus to an insurer rather than posting a letter of credit.

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surplus debenture

A surplus debenture is a debt instrument accounted for as equity under statutory accounting rules, used when investors loan surplus to an insurer rather than posting a letter of credit.

Additional Information


This is also referred to as a subordinated debenture.

Synonyms

Subordinated Debenture