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Events of default |
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Events of defaultContractually specified events that allow lenders to demand immediate repayment of a debt.Events of default Similar MatchesDefaultDefaultFailure to repay a loan. International loans by governments and private agents lack mechanisms to deal with default, comparable to the legal mechanisms that exist within countries. DefaultDefaultFailure by a debtor to meet the terms of a loan either by not paying interest due or not repaying the capital due. Cross defaultCross defaultA provision under which default on one debt obligation triggers default on another debt obligation. Default premiumDefault premiumA differential in promised yield that compensates the investor for the risk inherent in purchasing a corporate bond that entails some risk of default. Notice of defaultNotice of defaultA lender's initial action when a mortgage payment is late and attempts to reconcile the issue out of court have failed. Further SuggestionsPayment defaultDefault |
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