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RECENT NEWS
Insurance Journal  Aug 18  Comment 
Illinois contractor Robert Barringer III’s long history of putting his workers in danger of debilitating or fatal falls at his company’s job sites continues, this time at a residential home under construction in Glen Carbon, according to...
Wall Street Journal  Aug 15  Comment 
There’s a new bull market in corporate defaults, subjecting more CFOs to a trial by fire but also giving them a chance to shine.
MarketWatch  Aug 15  Comment 
Performance Sports Group Ltd. said it would not file its annual report by the Aug. 15 deadline, which is expected to result in a default under its current credit facilities' agreements. The sports apparel and accessories maker said it has...
The Economic Times  Aug 9  Comment 
The numbers of defaulting companies and institutions is growing. There were 10,091 defaulters in 2014-15, rising to 10,932 by December 2015.




 

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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