Potential Default

Potential Default

A condition where a default may occur in time.

Potential Default

A situation that may cause a default on a loan. Alternatively, potential default may refer to a person, especially a loan applicant, who is in such a situation. An obvious example of potential default is a situation in which a borrower loses his/her job. Lenders attempt to identify potential defaults before they make a loan.
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Fitch believes that a potential default of GAUS would constitute large reputational risk to GS that could threaten the viability of the overall franchise and so GS's consolidated operations would unquestionably support the GAUS entity.
In conjunction with the Offers, PHH is soliciting (the "Consent Solicitations") consents ("Consents") from registered holders ("Holders") of the Notes to (i) amend the indentures which govern the Notes ("Indentures"), (ii) consent to any and all of the transactions relating to or contemplated by the Sales (as defined in the Offer to Purchase and Consent Solicitation Statement (as defined herein)) and (iii) waive any potential default that may occur resulting from the Sales ((i), (ii) and (iii), collectively, the "Proposed Actions").
During this period of time Eskom had sufficient security in place to cover any potential default by Tegeta.
The company evaluated the potential default losses based on Jinzhong Houfeng Trading Co.
investors, who are increasingly concerned about a potential default, as mildly positive but still vastly insufficient to help Venezuela make some $10 billion in debt payments amid a major cash crunch.
With Greece fast approaching a potential default on June 30 and amid signs that Greeks are withdrawing money from their banks, officials acknowledged that a Greek exit - or Grexit - from the euro was now being discussed.
We assure our stakeholders that the terms and conditions are standard and not out of the ordinary, and that we are adequately protected from potential default, BDO said.
ATHENS, Greece, Rajab 19, 1436, May 8, 2015, SPA -- Greece's prime minister said he is optimistic his cash-strapped country will soon reach an agreement with its international creditors, averting a potential default, AP reported.
But the system is far better placed to deal with a potential default than in 2011.
Greek five-year borrowing costs pushed through 19% on Monday as potential default continues to loom.
Below are some facts regarding a potential default by Argentina:
Hong Kong, June 11, 2014 - (ACN Newswire) - China could speed up its privatisation agenda and loosen controls on the issuance of bonds to avoid potential default on the burgeoning debt held by local governments, ANZ's Greater China Chief Economist Liu Li-Gang told the ANZ Business Leaders Forum in Hong Kong today.
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