default Definition

default

Definition

Failure to make required debt payments on a timely basis or to comply with other conditions of an obligation or agreement.

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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

Popular 'Lending & Credit' Terms

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Nearby Terms

deep in the money
deep market
deep out of the money
deep-discount bond
de-escalation clause
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defeasance
defendant
defensive interval

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