Editing Graceful Exit BOND market (section)

== Overview ==
In most cases, when someone wishes to retire from a DAO, they would presumably stop participating and earning [[Reputation|REP tokens]], but continue enjoying the [[Reputation#REP Salary Mechanism|REP salary]] for the tenure of their remaining REP tokens. 

However, any DAO has the option to give their members the further option of a Graceful Exit through a BOND market. When someone wishes to exit a DAO and immediately cash out, instead of using the annuity function of the REP salary, they can convert their REP into a BOND with the same claim on the REP salary. However, a BOND typically has none of the powers of voting, or availability signalling. The point of converting is that the members can then sell those BONDs on the BOND market. This allows them to achieve an immediate gain of cash, if desired.