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.
References in periodicals archive ?
We also obtained a waiver for all default interest and late fees and were able to reduce the modification fee by 50%.
VistaPointe Partners Secures $10.9M in Re-Finance Debt for 90,334 SF Office Building
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".
CoE calls on Turkey to pay compensation to Cyprus with 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.
Gruevski: elections will be organized by this government, victory will go down in history
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.
The allegations that SDSM and VMRO-DPMNE have recently been leveling against each other are meant to help them assume better positions ahead of the ever more certain negotiations brokered by the international community, analysts say
03 M in payments under deferred payment schemes and penalties and payments related to lawsuits and enforcement proceedings for penalties and default interest.
Bulgariaa[euro][TM]s Privatization Agency Registered Revenues of BGN 2.35 M in H1, 2014
Implement swift reminders and charge default interest when possible
Risks of late payments likely to increase say business managers
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.
Commercial lawsuits
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.
Regions to face fee if they miss WRU loan deadline
The bank initiated enforcement proceedings, using clauses giving it the possibility to recover the full debt and annual default interest of 18.
CONSUMERS : ECJ: ABUSIVE EXPROPRIATIONS UNDER SPANISH LAW RULED ILLEGAL
4m mortgage loan secured by the property and the accrued contractual and default interest on the mortgage loan.
MPG Office Trust disposes of office property in Central Orange County
30, default interest continues to accrue at a rate of $392.
Valley trouble
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.
Investing in troubled properties: handle with care
Financial browser ?
Full browser ?