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RECENT NEWS
Financial Times  Sep 8  Comment 
Harvard economist suggests Caracas default on its foreign bonds to share its financial burdens with its creditors, rather than its citizens alone
The Hindu Business Line  Sep 8  Comment 
Sends right message to defaulters, says United Bank Executive Director
The Hindu Business Line  Sep 7  Comment 
Seeking to deal firmly with wilful defaults in payment of bank loans like Kingfisher, the Government is planning to come out with a separate Bill on the issue in the next session of Parliament.
Forbes  Sep 4  Comment 
It’s no longer a surprise to hear that a major company has had millions of their customers’ records compromised. Every day identity theft becomes more of a problem, passwords become an even less reliable defense, and the sophistication of the...
Forbes  Sep 3  Comment 
With no defaults in the S&P/LSTA Leveraged Loan Index in August, the lagging-12-month default loan rate by principal amount fell to a five-month low of 3.61%, from 3.89% in July. Of course, that number is inflated by Energy Future Holdings’...




 

Default refers to the failure to pay his or her debt on a timely basis or to comply conditions of an agreement or an obligation. Some example of default are loan defaults which the borrower does not pay back his loan on the date agreed with the bank.

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