Author Pearson, R. Published in COVER Magazine February 2005. Rod Pearson examines cover under South African policies for tsunami caused by Earthquake, Volcanic Eruption, Convulsions of Nature, Submarine Landslide and Meteorite.
Bond purchased for speculative purposes. They are usually rated BB and lower, and they have a higher default risk. It is alleged that junk bonds offer interest rates three to four percentage points higher than safer government issues.