RECENT NEWS
New Straits Times  1 hr ago  Comment 
Kelantan prince Tengku Muhammad Fakhry obtained judgment in default against his wife Manohara and mother in-law. However, the amount is to be assessed by the court.
New York Times  1 hr ago  Comment 
The 10 largest companies bought by private equity companies are performing worse than stand-alone companies or other, smaller deals, according to Moody’s.
Wealth Daily  Nov 4  Comment 
Should I stay or should I go?......
The Hindu Business Line  Nov 3  Comment 
New Delhi, Nov. 2 Basmati exporters who had contracted large purchases from Iran at highly attractive prices till a couple of months ago are facing payments problems to the tune of Rs 700 crore or
Clusterstock  Nov 2  Comment 
Stuyvesant Town is nearing the end of its reserves and will default on its loans unless it gets a capital injection, according to the real estate research firm Reis Inc. Three billion dollars of loans backing the $5.4 billion 2006 buyout of...
The Economic Times  Nov 2  Comment 
Getting an education loan may become easier. The government plans to cushion public sector banks (PSBs) against any default on education loan, the primary reason why PSBs are often reluctant giving out such loans that does not enough guarantee or...
Bankstocks.com  Oct 30  Comment 
Wachovia Bank is suing prominent Gwinnett County land investor Wayne Mason for defaulting on a
Reuters  Oct 30  Comment 
Defaults by small and medium-sized U.S. businesses on the loans, leases and lines of credit they use to finance capital equipment investment rose in September as lenders remained reluctant to extend fresh financing, PayNet Inc reported on Friday.
Bloomberg  Oct 29  Comment 
(Update1) About 18.8 million homes stood empty in the U.S. during the third quarter as banks seized properties from delinquent borrowers and new home sales fell in September.
Wall Street Journal  Oct 23  Comment 
Coal company Murray Energy and truck maker Navistar are poised to sell $1.5 billion of high-yield bonds as companies line up to take advantage of low interest rates and lower default forecasts.
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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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