← Back to Concept Index

enforcement-regime

A three-phase system of debt collection escalating from polite reminders to severe, potentially fatal consequences for nonpayment.

1 chapter across 1 book

The Diamond Age (1996)Neal Stephenson

Chapter 19

Bud, struggling financially and unable to secure stable work in the illicit pharmaceutical delivery network, visits the Peacock Bank to inquire about obtaining a line of credit. The bank offers implantable credit cards with strict enforcement policies involving escalating consequences for default, including potentially fatal measures. Bud learns about the bank's cultural background, credit system, and harsh collection methods, but remains wary and continues searching for easier financial options.