In recent decades, trading of distressed debt has become a well-developed market, with investors making or losing fortunes by betting on how much bondholders will get repaid once a company goes bankrupt.
近几十年来，减值债务(distressed debt)交易已形成一个相当发达的市场，投资者通过押注一家公司破产后债券持有人将得到多少偿还，来赚取（或失去）大钱。
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