BERMUDATRANSFORMER
\bˈɜːmjuːdˌatɹɐnsfˌɔːmə], \bˈɜːmjuːdˌatɹɐnsfˌɔːmə], \b_ˈɜː_m_j_uː_d_ˌa_t_ɹ_ɐ_n_s_f_ˌɔː_m_ə]\
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AClass 3 Bermudaregistered INSURER that is authorized to write and purchase INSURANCE and REINSURANCE and deal in DERIVATIVES. In order to comply with regulatory restrictions, banks often use transformers to convert derivatives into insurance or reinsurance and vice versa.
By Henry Campbell Black
Nearby Words
- bermudalily
- bermudan
- bermudan rig
- bermudas
- bermudas, climate of
- BERMUDATRANSFORMER
- bermudian
- bermudian rig
- bern
- berna eli oldfield
- berna fly