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RECENT NEWS
The Economic Times  6 hrs ago  Comment 
A small group of US hedge funds rejected Argentina's 2005 and 2010 debt restructurings, pushing the country into default in July.
Financial Times  Aug 28  Comment 
More than 400 of the world’s largest banks, investors and debt issuers have agreed a plan for dealing with financially stricken countries
The Hindu Business Line  Aug 28  Comment 
The Delhi High Court today set aside a Punjab National Bank notice to the extent that Kingfisher Airlines and its guarantors, United Breweries (Holdings) Ltd (UBHL) and Vijay Mallya, will be deeme...
The Hindu Business Line  Aug 27  Comment 
Clearing corporations have to develop a variety of plausible extreme market conditions to carry out stress testing
New York Times  Aug 22  Comment 
Under new federal rules, income, expenses and family size may now help limit the size of payments for loans in a rehabilitation program.




 

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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