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When a debtor chooses to default on a loan, despite being able to service it (make payments), this is said to be a strategic default. This is most commonly done for nonrecourse loans , where the creditor cannot make other claims on the debtor; a common example is a situation of negative equity on a mortgage loan in common law jurisdictions such ...
Business English means different things to different people and is used differently in different organization according their own needs and services. For some, it focuses on vocabulary and topics used in the worlds of business, trade , finance , and international relations .
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
A notice of default is a formal notice that begins the foreclosure process. A mortgage lender or servicer can file this notice when a borrower is more than 120 days behind on paying their mortgage.
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In law, a default is the failure to do something required by law or to comply with a contractual obligation. Legal obligations can arise when a response or appearance is required in legal proceedings, after taking out a loan , or as agreed in a contract ; failure to carry them out puts one in defaults of the obligations.
The articles in English are the definite article the and the indefinite articles a and an.They are the two most common determiners.The definite article is the default determiner when the speaker believes that the listener knows the identity of a common noun's referent (because it is obvious, because it is common knowledge, or because it was mentioned in the same sentence or an earlier sentence).
English grammar is the set of structural rules of the English language. This includes the structure of words, phrases, clauses, sentences, and whole texts. Overview