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Dictionary definition: default
- Article from:
- A Dictionary of Economics
- Author:
Copyright© A Dictionary of Economics 2002, originally published by Oxford University Press 2002. (Hide copyright information)
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default
Failure to make payments such as the interest or redemption payments on debt on the due date. Default may be partial or total, ranging from a slight delay in payment accompanied by apologies and promises that payment will soon be forthcoming to total and defiant repudiation. Default is frequently avoided by creditors agreeing to reschedule ...
Related newspaper, magazine, and journal articles:
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Article: Defaults Jump in January, February.(Moody's Investors ...
Bank Loan Report;
March 19, 2001 ;
700+ words
... ... speculative-grade bond default rate rose to 6.26% in January. More defaults in February brought ... loan. Daewoo's default was the largest ... when Depression Era defaults reached $15 billion ... the rate of loan defaults among major utility ... From 1980 to 2000 default rates among ...
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