Default (money) and Race for the Odd Chips - Poker (gambling)

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.

Race for the Odd Chips - Poker (gambling)

In tournaments it is sometimes convenient to remove all lower- denomination chips from play, as the remaining players' stacks tend to grow. Small chips are converted to larger chips and any odd chips are "raced off" in the following way: each player with odd chips places them in front of his stack and is dealt one card for each chip. Highest card (rank and suit) takes all the small chips and converts them to higher-denomination chips

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