Encyclopedia > Default (finance)

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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.



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... of 178.5/km² (461.9/mi²). The racial makeup of the village is 73.63% White, 12.30% African American, 0.13% Native American, 6.05% Asian, 0.03% Pacific Islander, ...

 
 
 
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