default
DefinitionFailure to make required debt payments on a timely basis or to comply with other conditions of an obligation or agreement.
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default is ...
... part of the Lending & Credit subject.
... part of the Lending & Credit subject.
Related Terms
foreclosure, mortgage insurance, Notice of Default, recourse loan, secured bond, accrued interest, assignment of rents, corporate bond, counterparty risk, country risk and
default appears in the definitions of these other terms on BusinessDictionary.com
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