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 ?
Issuers from the computers and electronics sector currently contribute the most defaulted exposure in U.
In comparison, only 34 loan issuers defaulted in 2008, all of which were North American.
57 percent of issuers with speculative-grade ratings at the beginning of 2001 defaulted during the year, compared with 5.
Fitch IBCA then grouped the defaulted debt by date of original issuance and compared it to new issue volume data for bonds and notes published in editions of The Bond Buyer
Thus, it is well settled that before a broker may properly rely upon "willful default" language in a brokerage agreement, such as the agreement in this case, the broker must demonstrate that a sales contract existed between the buyer and the seller upon which the seller could be said to have defaulted.
The average size of bonds outstanding per defaulted issuer has fallen to $265 million this year versus $786 million per defaulted issuer in 2009.
Fitch expects the energy rate to remain low at 2% in 2018, as crude oil prices have stabilized while the overwhelming majority of weaker energy issues have already defaulted.
In all, a total of 32 Moody's-rated corporate debt issuers defaulted in the fourth quarter, which sent the 2009 default count to a record high of 266.