Just call us Bond. Amortized bond.
Over 700 finance terms, Shmooped to perfection.
When a company can't pay its bills. It goes kaput. Dies. The creditors to whom it promised to pay back money don't get paid (the bank's GOOD customers have to make up the difference even though they did nothing wrong) and the bankrupt company is a corporate deadbeat.
The big BK. Kapoot. Financial death. There are several flavors. Ever see Night of the Living Dead?