Default

RECENT NEWS
Wall Street Journal  Nov 13  Comment 
Colt warned that it could default by the end of the year, as the gun manufacturer, which has suffered from declining demand for rifles and handguns, is likely to miss a payment to bondholders.
Insurance Journal  Nov 13  Comment 
XL Group’s North America Construction team has added a new pre-qualification benchmarking service for Subcontractor Default Insurance (SDI) clients to make sure contractors have the right process in place to select subcontractors wisely....
The Economic Times  Nov 10  Comment 
It'd happen if proposal being considered by a committee set up by the govt to deal with high value loan defaults finds its way into the statute books.
Reuters  Nov 5  Comment 
(Adds details on debt limit, other Republican initiatives)
The Economic Times  Nov 4  Comment 
Most of the revenue and operating profit was accruing from the struggling GTL Infra, which provides towers to telecom companies.




 

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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