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GLOSSARY: Enter search term:
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Glossary Term: DEFAULT

Definition(s) for DEFAULT:


1. ) refers to the failure by an entity to abide by the covenants in a debt obligation or other arrangement to which it is a party. The most common default is non-payment of interest or principal.

2. ) Failure by the bond issuer to pay the interest or principal, when due.

3. ) the inability to pay monthly mortgage payments in a timely manner or to otherwise meet the mortgage terms.

4. ) The failure of a borrower to comply with the terms of a note or the provisions of a mortgage.

5. ) Failure to meet the terms of a credit agreement.

6. ) Failure of a debtor to make timely payments of interest and principal as they come due or to meet some other provision of a bond indenture. In the even of default, bondholders may make claims against the assets of the issuer in order to recoup their principal. See also Debt, Interest, Principal.

7. ) Your failure to meet one or more conditions of your lease agreement. Default may result in early termination of the lease.

8. ) When an issuer cannot meet their payment obligations.


See Also:
CREDIT DEFAULT SWAPS, CROSS DEFAULT, DEFAULT RATE, DEFAULT RISK, EVENT OF DEFAULT, DEFAULT INTEREST, DEFAULT PREMIUM, POTENTIAL DEFAULT, MONETARY DEFAULT, TECHNICAL DEFAULT, DEFAULT SCHEDULE


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