default
Failure to make required debt payments on a timely basis or to comply with other conditions of an obligation or agreement.
Related Terms on BusinessDictionary
cross-collateral clause
cross-default clause
credit derivative (CD)
default judgment
notes receivable discounted
warranties of endorser of negotiable instrument
overdraft
Herstatt risk
credit scoring
parity clause
penalty clause
assignment of accounts receivable
indemnity insurance
personal guarantee
assignment of rents
issuer risk
joint and several liability
presettlement risk
junior mortgage
flat bond
leveraged lease
default order
red clause
secured lender
default probability
reinstate
unsecured lender
default setting
moral obligation bond
repossession
leniency clause
del credere agent
letter of hypothecation
direct credit substitute
secure bond
security
direct pay letter of credit (L/C)
special lien
discounting of accounts receivable
fixed and floating charge
setoff
non-recourse loan
floating charge
sovereign debt rating
rescheduled loan
cognovit clause
sovereign guarantee
secured loan
cross-default clause
credit derivative (CD)
default judgment
notes receivable discounted
warranties of endorser of negotiable instrument
overdraft
Herstatt risk
credit scoring
parity clause
penalty clause
assignment of accounts receivable
indemnity insurance
personal guarantee
assignment of rents
issuer risk
joint and several liability
presettlement risk
junior mortgage
flat bond
leveraged lease
default order
red clause
secured lender
default probability
reinstate
unsecured lender
default setting
moral obligation bond
repossession
leniency clause
del credere agent
letter of hypothecation
direct credit substitute
secure bond
security
direct pay letter of credit (L/C)
special lien
discounting of accounts receivable
fixed and floating charge
setoff
non-recourse loan
floating charge
sovereign debt rating
rescheduled loan
cognovit clause
sovereign guarantee
secured loan
export credit guarantee
fixed charge coverage ratio
contract bond
termination claim
right of foreclosure
land contract
termination for convenience
non-recourse
guaranteed loan
bond ratings
obligation bond
acceleration clause
back to back loan
days of grace
secured debt
senior debt
guarantor
guaranty
accounts receivable financing
home equity loan
bond insurance
distress
asset-based lending
junk bond
endorsement
mortgage insurance
call
termination
pledge
recovery
credit risk
lien
creditor
collateral
day
mortgage
bond
fixed charge coverage ratio
contract bond
termination claim
right of foreclosure
land contract
termination for convenience
non-recourse
guaranteed loan
bond ratings
obligation bond
acceleration clause
back to back loan
days of grace
secured debt
senior debt
guarantor
guaranty
accounts receivable financing
home equity loan
bond insurance
distress
asset-based lending
junk bond
endorsement
mortgage insurance
call
termination
pledge
recovery
credit risk
lien
creditor
collateral
day
mortgage
bond
Popular 'Lending & Credit' Terms
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