defaults financial definition of defaults. defaults finance term by the Free Online Dictionary.

Default

The failure to make timely payment of interest or principal on a debt security or to otherwise comply with the provisions of a bond indenture. A breach of a covenant. In context of project financing, a technical default signals a project parameter is outside defined or agreed limits or a legal matter is not yet resolved.

Default

The failure to make payments on a debt. One may default on any debt, such as a mortgage or a bond. Default is a very serious matter and may entitle the lender or bondholder to take possession of one's assets in order to recover the amount lost in principal and interest payments on the debt. Default also has a negative impact on one's creditworthiness in the future.

default

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.

Default. If a person or institution responsible for repaying a loan or making an interest payment fails to meet that obligation on time, that person or institution is in default.

If you are in default, you may lose any property that you put up as collateral to get the loan. For example, if you fail to repay your car loan, your lender may repossess the car.

Defaulting has a negative impact on your credit history and your credit score, which generally makes it difficult to borrow again in the future. In fact, failure to pay on time is the single most important contributor to a poor credit history.

A bond issuer who defaults may not pay interest when it comes due or repay the principal at maturity, or both.

default

The failure to meet one's obligations in a timely manner. There are several important concepts relating to defaults in the real estate field:

• Leases and mortgages often differentiate between monetary defaults, such as failure to pay money when due, and nonmonetary defaults such as a failure to provide proof of insurance or copies of monthly financial statements. If so, there will be different notice provisions and grace periods for each.

• Unless a sale contract contains language that “time is of the essence,” or one party has made the other aware that time is critical, then a court will ordinarily award a purchaser a reasonable amount of time to complete closing, even if it is past the contract date.

• Some states have statutes allowing collection of attorneys' fees when there has been a default in the contract. Other states require specific language in the contract allowing for collection of attorneys' fees.

Default

Failure of the borrower to honor the terms of the loan agreement.

Lenders usually view borrowers delinquent 90 days or more as in default.

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Basket credit default swap Binary credit default swap Bond Rating CDS Consumer Reporting Agency Couverture de defaillance Credit Default Swap Cross-Default cross-defaulting clause Cure cure rights Default Interest Default Premium Default Risk Incipient Default Latent Default Naked Swap notice of default Penalty Clause	Deductive reasoning Deduzione deed deed books deed in lieu of foreclosure deed indented deed of reconveyance deed of trust deed poll deed restriction deed to secure debt Deep Discount Bond Deep Discount Brokerage Firm Deep in the Money Deep Market Deep Out of the Money Deep-Discount Bond Deep-in-the-Money Deep-Out-of-the-Money defamation of title default Default Interest default point Default Premium Default Risk defaults defeasance defeasance fee defeasible fee defect in title defendant Defense Advanced Research Projects Agency Defensive Acquisition Defensive Buy Defensive Investment Strategy Defensive Securities Defensive Security Defensive Stock Deferment Period Deferred Account Deferred Acquisition Costs Deferred Annuities Deferred Annuity Deferred Call Deferred Call Period Deferred Charge deferred charges deferred commission Deferred Compensation deferred contracts Deferred Credit	default setting default setting default setting default setting Default Signal Transmission Parameters DeFault Sort Default Supply Service Availability Charge Default Transport Session Default Unicode Collation Element Table Default Visual Environment Default XLT Format Default-free zone defaultant defaulted defaulted defaulted defaulted defaulted defaulter defaulter defaulter defaulter defaulter defaulters defaulters defaulting defaulting defaulting defaulting defaulting defaults defaunate Défauts sous Revêtement DEFB DEFC DEFCOM DEFCON DEFCON 1 DEFCON 2-4 DEFCON 5 DEFCOS DEFD DEFDARS Defeasable interest Defeasable interest defeasance defeasance defeasance Defeasance Clause defeasance fee Defeasanced Defeasanced Defeasanced defeasances defeasances defeasances defeasibility defeasibility defeasible defeasible defeasible fee

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