3 ms·

The issuer funds it. It’s like an insurance policy. They’re contractually obligated to meet the terms (if the benefit is defined)

• tonyedgecombe 6y ago
  Presumably if the market was bad enough there would be a point where the issuer couldn't meet the terms.
  • jdhzzz 6y ago
    Then the business/economy probably has larger problems that will be addressed (successfully?) by the government.
    • deleted 6y ago
      [deleted]