Navigation

Default

A default occurs when a person or entity fails to meet its debt obligations. It can be in the form of unpaid loans, mortgages, bonds, and promissory notes. A debtor is also considered to have defaulted when a violation of loan conditions is committed (i.e., not making a scheduled payment).

Back to Forexpedia Main Page

"Pain is inevitable, suffering is optional"
Origin Unknown
Clicky Web Analytics