default

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default,

n 1. an omission of that which should be done.
v 2. to fail to fulfill an obligation or a promise.
References in periodicals archive ?
The relative lag in performance and lack of meaningful upgrades for this group of highly levered companies suggests that any macroeconomic or funding disruptions could quickly push the default rate up.
Having the ability to accurately measure default behavior is critical for investors looking for better ways to assess mortgages that on the surface appear healthy," said Afshin Goodarzi, Equifax Capital Markets.
Under the pessimistic scenario of a second economic downturn and renewed liquidity pressures, the global default rate may land at 5.
The European speculative-grade default rate increased to 10.
A notice of default is the fist step in the foreclosure process.
The Millers moved for summary judgment on the ground that Bentley was never in monetary default under the lease and therefore, the guaranty had automatically expired.
First of all, even at Pierce's current low, entry-level salary, he's roiling in dough compared to most default dads.
For the extended period from 1979-1994, cumulative defaults averaged 0.
The sad thing about the default mess is that it discredits Washington's ability to do what the GI Bill did for veterans after the war: Make a university education, and its resulting benefits, possible for millions of people who would otherwise not be able to pay the freight.
The weighted average recovery rate on all defaults through September 2010 is 54% of par, above 2009's 34.
The ratings agency's default rate forecasting model now predicts that the global speculative-grade default rate will fall sharply over the next year to 3.
Owners have traditionally relied upon performance and payment bonds as ways to protect against the risk of contractor and subcontractor default.