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  2. Default (finance) - Wikipedia

    en.wikipedia.org/wiki/Default_(finance)

    Default: Debtors have been passed behind the payment deadline on a debt whose payment was due. Illiquidity: Debtors have insufficient cash (or other "liquefiable" assets) to pay debts. Insolvency: A legal term meaning debtors are unable to pay their debts.

  3. Default (law) - Wikipedia

    en.wikipedia.org/wiki/Default_(law)

    a default that is deliberate, in the sense that the person committing the relevant act knew that it was a default (i.e. in this case a breach of contract). I consider that it does not extend to recklessness and is therefore narrower than wilful misconduct (although the latter will embrace deliberate default). [1] Before the De Beers case there ...

  4. Default - Wikipedia

    en.wikipedia.org/wiki/Default

    Default (finance), failure to satisfy the terms of a loan obligation or failure to pay back a loan; Default judgment, a binding judgment in favor of either party based on some failure to take action by the other party; Default rule, a rule of law that can be overridden by a contract, trust, will, or other legally effective agreement

  5. What is a notice of default? - AOL

    www.aol.com/finance/notice-default-200058388.html

    How does a notice of default work? A notice of default often serves as the first step in a foreclosure. Here’s a closer look at the process, including what happens before and after a lender ...

  6. Personal loan default: What it is and how to get out of it - AOL

    www.aol.com/finance/personal-loan-default...

    Loan default means you’ve failed to make the required payment by the due date you agreed to. 4. A lender usually considers your loan in default if you’re more than 30 days late. At this point ...

  7. What is the debt ceiling, and is Trump right that a default ...

    www.aol.com/debt-ceiling-trump-default-could...

    President-elect Donald Trump on Wednesday shone a spotlight on the debt ceiling, rejecting a bipartisan government funding deal negotiated by House Speaker Mike Johnson and demanding lawmakers ...

  8. Event of default - Wikipedia

    en.wikipedia.org/wiki/Event_of_default

    For example, a contract may state that the recording of a lien against certain property is a default. If the default is left uncured after notice and the passage of time, it may ripen into an event of default, which creates in the non-defaulting party certain rights, such as acceleration of a debt or the right to exit a contract.

  9. Debt ceiling: What a US default could look like - AOL

    www.aol.com/finance/debt-ceiling-us-default...

    The White House has said that a protracted default - meaning one lasting a full quarter - would lead to a sharp recession, eliminate over 8 million jobs, and cause the stock market to plummet 45%.