Nearly one year after Detroit collapsed, the troubled municipality has finally reportedly reached a settlement with the city’s bankrupt unsecured bond holders, according to the Detroit Free Press, which cited unnamed sources in its article. This latest move could help the Motor … [Read more...]
Bond
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Bond Debt instruments that are issued for periods greater than one year. Many institutions in U.S sell bonds, such as government, water districts, companies and other institutions. An investor purchasing bonds makes a loan to the issuer, who commits to repay principal on a given … [Read more...]
