Default interest

Default interest

A higher interest rate payable after default.

Default Interest

The higher interest that a borrower must pay after default. If a borrower defaults on a loan, he/she must pay default interest in order to compensate a lender for the added risk of extending credit to him/her.
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Exceeding this total payment period opens automatically and without formality to the holder, the benefit of which the default interest rate will be the interest rate of the main refinancing facility applied by the European Central Bank to its operation the most recent main refinancing carried out before the first calendar day of the half of the calendar year in which the default interest had started to run, plus eight points.
The Committee of Ministers of the Council of Europe has asked Turkey to pay compensation awarded by the European Court of Human Rights to applicants from Cyprus "without further delay" and with "the default interest due".
In April 2016, through the strongest support ever to be given to VMRO-DPMNE, the people will show to those indolent manipulators that they no longer fall for the intrigues and manipulations largely masterminded by the actors of the transition of the 1990s, by failed and corrupt former ministers and directors, and will punish instead these attempts, also charging, to put it in economic terms, a default interest for all the anxiety and damage that these people have inflicted to the whole country pursuing their own interests and careers.
It is in this context that they also see the rally of VMRO-DPMNE in Bitola on Saturday, at which leader Nikola Gruevski said that all those involved in the endeavor to destabilize Macedonia will pay a price with a default interest rate.
03 M in payments under deferred payment schemes and penalties and payments related to lawsuits and enforcement proceedings for penalties and default interest.
Fehr of Fehr Law Office PLLC in Chelan, is seeking to 0e paid, either By Burnett or Crose and is asking for the full amount, plus 15-percent default interest after Jan.
THE professional rugby regions would incur default interest charges if they fail to repay new loans from the Welsh Rugby Union - after the board of European Rugby Cup Ltd unanimously voted to withhold European tournament payments last month.
30, default interest continues to accrue at a rate of $392.
A sampling of the updates includes additional parameters for security protocol and the ability to select a default interest type that can be appended to resolutions when an asset match is not found.
Amount") will bear default interest at a rate of 12 per cent.
Investor purchase a senior debt with a face value of $5 million and accrued default interest of $1 million, for a purchase price of $4 million.
Mallegni used a variety of "unscrupulous, to say the least" tactics to ensnare the Depietri brothers' corporations, 201 Forest Street LLC and 219 Forest Street LLC, into a cycle of ever-increasing default interest and late fees.