answersLogoWhite

0


Best Answer

Then the cosigner is responsible for paying. most plases uses caladeral like a car or house, if the bond is not paid the car or house is taken

User Avatar

Wiki User

17y ago
This answer is:
User Avatar

Add your answer:

Earn +20 pts
Q: What happens when someone cosigns for a bond that you have to make payments on and you don't pay?
Write your answer...
Submit
Still have questions?
magnify glass
imp
Related questions

What is the name of the interest payments that bond holder receives for purchasing a bond?

Coupon


What is the name of the interest payments that a bondholder receives for purchasing a bond?

Apex- Coupon


Why do bond prices and yields vary inversely?

Bonds are valued by discounting the coupon payments and the final repayment by the yield to maturity on comparable bonds. The bond payments discounted at the bond’s yield to maturity equal the bond price. You may also start with the bond price and ask what interest rate the bond offers. This interest rate that equates the present value of bond payments to the bond price is the yield to maturity. Because present values are lower when discount rates are higher, price and yield to maturity vary inversely.


How are interest on a bond calculated?

Know the bond's face value, then, find the bond's coupon interest rate at the time the bond was issued or bought, then, multiply the bond's face value by the coupon interest rate it had when issued, then, know when your bond's interest payments are made, finally, multiply the product of the bond's face value and interest rate by the number of months in between payments.


What is the name of the payments that a bondholder receives for purchasing a bond?

Apex- Coupon


if someone is under house arrest & violates house arrest & is put back in jail & bond is revoked what happens to bond cash ?

In Georgia if a bond is revoked you lose that money and the offender will be taken back to jail until the court date. If the judge happens to decide that bail can be posted again on their behalf the bond amount will more than likely increase.


What is the present value of a 30 year 100 dollar bond which provides fixed semiannual interest payments when the effective rate is 12 percent and the bonds stated rate is 7 percent?

Coupon payment = (100)(.035) = 3.5 PV coupon payments payments = $56.56 PV of bond = 3.34 Present value of bond = 56.56 + 3.34 = $59.90


What happens to a bond's yield if the price of the bond rises?

it rises


What is the name of interest payments that a bondholder receives for purchasing a bond?

Apex- Coupon


What is a bastardy bond?

A bastardy bond is a document which named the father of a child whose parents were not married, and stipulated payments to be made for its upkeep.


What happens when a nonmetal and a nonmetal bond?

a reaction happens


What happens with someone skips bond and on probation already?

Probation violation you will go to jail. An still owe on fines an still will be own probation