A purchasera bond buys a credit derivative to cover the risk of the bond's debtor defaulting.
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Related: debtor
Prev: Earlier this month, the government changed some of the rules about how mortgage defaulters' debt is calculated, and how much banks can deduct from debtors paychecks.
Next: But there is a second definition of forgiveness -to relinquish resentment against the debtor. This is harder to understand.
