default investment & finance definition
Failure
to meet the terms of a loan or other debt; such terms may include making
periodic payments or repaying the principal by a certain date. When a
corporation defaults on a loan, the lender can take legal action toward the
company, including pushing it into bankruptcy.
See default in Wall Street Words
The failure to live up to the terms of a contract. Generally, default is used to indicate the inability of a borrower to pay the interest or principal on a debt when it is due. See also
technical default.
Learn more about default
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