catastrophe bond; cat bond
A financial instrument used to transfer risk from an insurer to investors, triggered by a predefined catastrophic event. Also known as キャットボンド.
See also: キャットボンド
Catastrophe bonds are issued to prepare for large-scale disasters such as earthquakes and typhoons.
Synonymous loanword from English 'cat bond'; more common in casual or industry conversation.
Compound of 大災害 (great disaster) and 債券 (bond), a direct translation of the English term 'catastrophe bond'.