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So their incentives are to drive the car until the final deadline, and then sell it back for more than its value.
Because a put feature enables investors to sell it back at par in 2010, its yield to put is 12%.
If the policy has a redemption provision, the customer can sell it back to the insurance company for a tiny fraction of its full face value.
"So you cannot sell it back.
Why not sell it back to distributors at the prevailing market price?
You come back here at lunchtime tomorrow with the money and I'll sell it back to you.
"It was making a profit and there was no reason to sell it back again.
"I love it too much to sell it back," Mr. Paterson said.
"It was making a profit and there was no reason to sell it back again," Bennett explained.
The Tribune's current owner, AT&T, has a legal obligation to sell it back to them, they say.
He makes a jibe at those who try to commodify walking and sell it back to us as "trekking".
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CEO of Professional Science Editing for Scientists @ prosciediting.com