Money Things is a place to learn effective solutions to common and difficult financial problems.
What Are Money Things?
Money Things are stocks, bonds, contracts - basically anything that banks and businesses use to loan or borrow cash.
Friday, July 23, 2010
What does Default mean?
Default, when talking about bonds, is when the borrower hasn't done what they are supposed to, for example, by not making interest payments or not repaying the value of the bond when the time comes.
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