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Napster had asked for a bond of at least $800m.
His request for a bond hearing was denied.
That's one heck of a change for a bond fund".
It is weaker still for a bond lacking legal protection.
It's a bad pun on "villainess," a name for a Bond girl.
(In short, the higher the price paid for a bond, the lower the effective interest rate).
For a Bond picture, "Casino Royale" is amazingly short on lust.
This was highly unusual for a bond fund manager — and still is.
For a bond investor, there are two things that can go wrong.
He could pass for a Bond villain, or a double agent in a Tom Clancy novel.
Where an institutional investor might pay 96 cents on the dollar for a bond, retail investors will pay 99 cents.
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Justyna Jupowicz-Kozak
CEO of Professional Science Editing for Scientists @ prosciediting.com