Lassie. Lassie is a fictional female collie dog character created by Eric Knight in a short story expanded to novel length called Lassie Come-Home. However, Knight may have been influenced by another female collie named Lassie, featured in the 1859 story The Half-brothers written by British writer Elizabeth Gaskell.
GAP Insurance is the difference between the actual cash value of a vehicle and the balance still owed on the financing (car loan, lease, etc.). GAP coverage is mainly used on new and used small vehicles (cars and trucks) and heavy trucks. Some financing companies and lease contracts require it.
DEFINITION of 'Bond Insurance'. A type of insurance policy that a bond issuer purchases that guarantees the repayment of the principal and all associated interest payments to the bondholders in the event of default.Bond issuers buy insurance to enhance their credit rating to 'AAA' in order to reduce the amount of interest that it needs to pay.REAKING DOWN 'Bond Insurance'. Once bond insurance has been purchased, the issuer's bond rating will no longer be applicable and instead, the bond insurer's credit rating will be applied to the bond instead.