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This article is part of WikiProject Definitions. Consider editing to improve it. View articles referencing this definition.

Definition: When a consumer of a type of debt (e.g. bond, mortgage, loan, promissory note) fails to make a payment on that debt, the consumer is said to be in default.

For more information, look here: http://www.en.wikipedia.org/wiki/Default_(finance).

Retrieved from "http://www.wikinvest.com/wiki/Default"
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