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RECENT NEWS
Financial Times  6 hrs ago  Comment 
Country short of options to deal with looming debt crisis
New York Times  Feb 5  Comment 
Officials want lawmakers to help them bind holdout creditors to a restructuring plan that would cover $49 billion of debt that is backed by taxes.
Reuters  Feb 2  Comment 
Loan defaults at Itaú Unibanco Holding SA will continue to rise this year, though perhaps at a slower pace than in 2015, as a recession hampers consumers' and companies'...
MarketWatch  Feb 1  Comment 
Moody’s says it expects a default rate of 4.4% in 2016, the highest since mid-2010, led by the oil and gas sector.
The Economic Times  Jan 28  Comment 
Domestic banks are finding a bright spot in a home-buying spree in towns that has driven mortgage-loan growth to the fastest rate in 6 years.




 

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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