Failure to meet the legal obligations of a loan (e.g. by suspending payments)
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That should allow Greece to avoid defaulting on its debt this year.
2
One payment only allowed it five days to make good before defaulting.
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National power utility, Eskom, is determined to recoup costs from defaulting municipalities.
4
Investors would only take the risk of Greece defaulting on interest payments.
5
That would put the nation at risk of defaulting on its debt.
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A CDS enables the holder to be compensated in the event of a loan default.
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They have also criticized the institutions for having low completion rates and graduates with high student loan default rates.
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A woman arrested at Auckland Airport is the second person this year to be detained over a student loan default.
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As loan default rates rise, the whole exercise threatens to become self-defeating.The consequences in England promise to be more pronounced.
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A decline in commercial property values and an increase in loan default rates may also erode the earnings of UK banks.
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Above all, lenders need assurance that a sovereign borrower will not default on a loan repayment.
2
The statement came hours before Athens was set to default on a loan to the International Monetary Fund.
3
When you take one single individual with perhaps a patchy credit history and unstable employment, the risk of default on a loan is quite high.
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Talos Capital Ltd sought summary judgment against Joseph Sheehan and John Flynn over what it claimed was "material" default on a loan agreement.
5
If someone you know has defaulted on a loan, that can affect you.
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American senators are holding an emergency session to try to avoid a US financial default.
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American lawmakers contine to delay voting on a crucial deal designed to avoid an unprecedented financial default by the United States.