2007-10-02 05:05:51 · 5 answers · asked by Neesh 2 in Business & Finance ➔ Investing
depends on the type of bonds you are talking about. Obviously making scheduled interest and principal payments. And then if you fall behind, it depends if they have a mortgage on the business. If they do, they can claim the assets, otherwise they become a creditor in bankruptcy proceedings.
2007-10-02 05:11:18 · answer #1 · answered by redwine 6 · 0⤊ 0⤋
As far as you know isnt very far. He took on an $11 trillion federal debt which was more because it had been a surplus under Clinton. Yes he added $5 trillion but that is less than $11 trillion that he took on from the previous pea-brain. We wouldnt have a $5 trillion debt if the Republicans hadnt screwed up the economy. He has reduced the deficit to under $1 trillion. Mr. Romney never ran a real business. He is an investor and hired fund managers. He never hired workers and never produced or manufactured anything. Mr. Obama understands much more about running a country and economics. You need a broad scope of knowledge to be President, not just how to enrich yourself and avoid paying taxes. Most presidents were lawyers like Mr. Obama, not business owners. CARL: I think Bush went to Yale. He was the family screw-up and every business he tried failed.
2016-03-19 03:51:07 · answer #2 · answered by Anonymous · 0⤊ 0⤋
It is a contract, a bond indenture grants the bond trustee whatever powers are spelled out in it. You must do whatever you agreed to do in order to get financing. Failure of any covenant can trigger bankruptcy and potentially transfer of all ownership from you to the bondholders.
2007-10-02 12:21:59 · answer #3 · answered by OPM 7 · 0⤊ 0⤋
You have an obligation to make interest payments on time and whatever the bond covenants are.
2007-10-02 06:42:32 · answer #4 · answered by jeff410 7 · 0⤊ 0⤋
It's just like any other contract. If you don't live up to the agreement you can get sued.
2007-10-02 08:22:11 · answer #5 · answered by Ted 7 · 0⤊ 0⤋