See Also: Tight money or dear money(finance)
Default(money)
default(1)(dictionary)
default(2)(dictionary)
Default(finance)
DEFAULT(law)
default(medicine)
Default premium(money)
Potential Default(money)
default 1, noun(dictionary)

Default (money)


Definition: Failure to perform as to the specific terms outlined in an agreement.

Definition: [crh] The failure to make timely payment of interest or principal on a debt security or toDefinition: otherwise comply with the provisions of a bond indenture. A breach of a covenant. In context of project financing, a technical default sDefinition: ignals a project parameter is outside defined or agreed limits or a legal matter is not yet resolved.