MetaGlossary.com: Default

Definitions for "Default" Add To Word List

Keywords: Issuer, Risky, Ceases, Repay, Agreement

Related Terms: Debt Security, U.S. Treasury Securities, Senior Debt, Secured Bond, Redemption Date, Recourse Loan, Note, Mortgage Note, Maturity Date, Income Bond, Funded Debt, Default Risk, Default, Debt Instrument, Debt Financing, Clo, Bond, Debenture, Maturity, Redeem, Promissory Note, Commercial Paper, Debentures, Bonds, Escrowed To Maturity, Credit Risk, Debt Securities, Cdo, Defeasance, Tranche, Refunding, Defaults, Full Faith And Credit, Notes, Subordinated Debenture, Prepayment Clause, Workout , Note Payable, Forbearance Agreement, Redeem, Promissory Notes, Master Promissory Note, Mpn, Debenture Bond, Security, Pre-Foreclosure Sale, Unsecured Note, Default, Government Obligations, Redemption

Submit a better definition with this meaning

Any default under the terms of the Agreement, this Correspondent Sellers Guide or the Master Servicer Guide, as applicable.

http://www.thornburgmortgage.com/thornburg/PartnerResources/Glossary/tabid/...

Helpful?

A bond that ceases to pay interest (because the issuer has financial problems) is in default of the terms of the bond agreement, and is said to be in default. Clearly, purchasing a bond in default is an extremely risky investment.

http://bond.yahoo.com/glossary2.html

Helpful?

When the issuer of a bond does not maintain interest payments or repay the face value of theÂ bond at maturity.

http://www.mandg.co.uk/Consumer/glossary/glossary.jsp?letter=D

Helpful?

A default takes place when the debtor is not able to repay debts according to the specified agreement.

http://www.consumerpaydayloans.com/glossary.html

Helpful?

A term used when a person or company breaks the terms of an agreement.

http://www.qtrade.ca/en/education/glossary/glossaryd.jsp

Helpful?

Privacy Statement | Terms of Use