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It's just insurance. One side pays the other side if a certain outcome occurs. In exchange for protection from the outcome, the side seeking protection pays a f
by mcnees287 10y ago
It's just insurance. One side pays the other side if a certain outcome occurs. In exchange for protection from the outcome, the side seeking protection pays a fee.
- roywiggins 10y agoIt's more like buying insurance on someone else's house, when you know they are a meth lab and the insurer doesn't.
- sosborn 10y agoIn that case the insurer should do their due diligence before taking the bet.