Encyclopedia > Default (finance)

Article Content

Default (finance)

In finance, default is what occurs when a party is unwilling or unable to pay their financial bond obligations. In corporate finance, a default is typically a prelude to bankruptcy. Default can also occur with sovereign bonds.

All Wikipedia text is available under the terms of the GNU Free Documentation License

Search Encyclopedia

Search over one million articles, find something about almost anything!

Featured Article

Dynabee

... tipping the device will cause the gyroscope to start precessing, with its axis slipping around in the groove in a circular fashion. The groove inside the device, is a ...