A waterfall payment is a plan where more entitled creditors receive both interest and principal payments while lower-ranking creditors receive only interest. Here’s how it works.

Discover how commercial codes regulate transactions, resolve disputes, and facilitate commerce. Learn about the Uniform Commercial Code and its impact on business.

Some cybersecurity researchers say it’s too early to worry about AI-orchestrated cyberattacks. Others say it could already be happening.

The AI worries have hit software stocks particularly hard, but they’re spreading to other industries and other markets. For bonds, for example, “AI disruption risk” looks set to knock down prices, ...