Deleted
Deleted Member
Posts: 0
|
Post by Deleted on Jan 16, 2021 19:46:55 GMT
Hey Lets see, who is able to explain bonds insolvency in easy words?
|
|
|
Post by zegrusher on Jan 16, 2021 20:15:58 GMT
When someone has no money to pay you his property gets sold and you get a percentage of your money back. If he really has nothing left then bad luck you get nothing xd
|
|
|
Post by mightymoo on Jan 17, 2021 3:34:05 GMT
After 3 straight days of missed payments the issuer enters bankruptcy. Bonds are paid up to 500k, with the buyer getting the restructure % based on the rating when they bought the bond. After that, buildings are liquidated to pay bonds. After that, inventory is liquidated at ~85% of market value.
|
|