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Definition of "monoline" [monoline]

  • A company operating in only one industry or line of business; often specifically a bank specializing in credit card issuance. (noun)
  • An insurer specialized in insuring investment-grade securities against loss. (noun)
  • A font line of consistent width, as occurs when imitating pencil script. (noun)
  • A length of monofilament line, used for culturing forms of seaweed. (noun)
  • A type of composing machine in which each line of type is cast as a single slug. (noun)

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Use "monoline" in a sentence
  • "Morgan Stanley's filing also noted that the firm had tempered a bearish trading position that the firm had on insurance firm MBIA Inc. The short-term move, part of an overall hedging strategy tied to Morgan's ownership of municipal bonds and mortgage securities, resulted in "a positive net derivative counterparty exposure of $782 million" to the so-called monoline insurance firms, primarily MBIA, the filing said."
  • "He held a hearing in mid-December on the demise of those so-called monoline insurers at the hands of mortgage-related deals."
  • "While a downgrade would be unprecedented, he compares it to the fall of some so-called monoline insurers of bonds in 2008, which stirred deep uncertainty in the market."