Word: buyer
(lookup in dictionary)
(lookup stats)
Dates: all
Sort By: most recent first
(reverse)
...Credit default swaps are insurance-like contracts that promise to cover losses on certain securities in the event of a default. They typically apply to municipal bonds, corporate debt and mortgage securities and are sold by banks, hedge funds and others. 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. It's supposed to work similarly to someone taking out home insurance to protect against losses from fire and theft...
...Except that it doesn't. Banks and insurance companies are regulated; the credit swaps market is not. 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. The instruments can be bought and sold from both ends - the insured and the insurer...
...every corner of the world. He even appears to have used U.S. airbases in Iraq in 2004 as part of his arms trafficking. He had a shadowy financial network stretching from Europe to Africa to the Middle East. And he apparently dealt with any kind of weapon a potential buyer wanted. He was set to close a deal with the fake FARC representatives involving surface-to-air missiles and armor-piercing rocket launchers. His fee for delivering the weapons would have been $5 million...
Protestants remain a bare and strikingly diverse majority; the study found widespread movement among 100 variations of Protestantism. For America's faithful, it's a buyer's market...
...Which means that, as with any marketed product, the buyer should always beware when it comes to drug ads. "We are taking a hard look at the deceptive tactics of drug companies in their direct-to-consumer advertising," said Stupak in a press release. But ultimately it's up to the consumer and his doctor to decide how much of the truth in advertising to believe...