On November 1st the industry edged closer to extinction when one of the largest bond insurers, Ambac, announced that it would skip an interest payment.

11月1日，当最大的债券保险公司之一ambac宣布停付一期利息时，这个行业离灰飞烟灭又近了一点。

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The interest paid on the bond is usually called "coupon" payment.

债券的利息付给方式通常是利用“息票”。

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The interest paid on the bond is usually called "coupon" payment .

债券的利息付给方式通常是利用“息票”。

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If Greece were to miss a payment of interest or principal on a Greek bond, creditors could sue for the missed payment.

BBC: Is a Greek default so bad for Greece?

In the case of insured bonds, where the interest payment is funded by a bond insurer or letter of credit issuer, the default is still the same.

FORBES: Even If A Bond Doesn't Default, You Can Still Lose Your Money

He asked about the annual schedule for interest payments and the broker responded with the dates from the bond, noting that no payment would be made for 12 months in the first year.

FORBES: Taped Phone Conversations Discredit Customer And Exonerate Stockbroker