Sentences with phrase «losses if a buyer defaults»
They impose these rates because they are lending to folks who have a bad record of paying off debts and this cuts their losses if a buyer defaults.
http://www.badcreditloanservices.com/ Not exact matches
The buyer of the credit default insurance pays premiums over a period of time in return for peace of mind, knowing that losses will be covered if a default happens.
As a result, contracts can be traded — or swapped — from investor to investor without anyone overseeing the trades to ensure the buyer has the resources to cover the losses if the security defaults.