default default  /dɪ ˈfɔlt/

Definition(s):

  1. (n) loss due to not showing up
  2. (n) act of failing to meet a financial obligation
  3. (n) loss resulting from failure of a debt to be paid
  4. (n) an option that is selected automatically unless an alternative is specified
  5. (v) fail to pay up

Derived Word(s)

Usage(s):

  1. They provide insurance for losses on securities in the event of a default.
  2. The Senate's most prized prerogative is going by default.
  3. Fallout from a record default spreads from Washington State to Wall Street.

News

  1. Codere Default Riddle Skewing Cost of Hedging Europe’s Junk Debt

    Codere SA’s struggle to sidestep default is skewing a benchmark derivatives index, with a surge in credit-default swaps on the Spanish gaming company pushing up the cost of insuring high-yield debt.
    on June 12, 2013     Source: Bloomberg

  2. Asia-Pacific Bond Risk Little Changed, Credit-Default Swaps Show

    The cost of insuring Asia-Pacific corporate and sovereign bonds from default was little changed, according to traders of credit-default swaps.
    on June 12, 2013     Source: Bloomberg

  3. Bond Risk Increases in Asia, Credit-Default Swap Prices Show

    The cost of insuring corporate and sovereign bonds in Asia against non-payment rose, according to traders of credit-default swaps.
    on June 11, 2013     Source: Bloomberg

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