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Mar 26, 2012 · The failure to pay interest or repay capital on a debt when it becomes due. This may be because a company, individual or government is unable or unwilling to meet their debt obligations. A default can lead to the loss of collateral securing the loan or legal action to recover the amount due. A default will also recorded on the credit history of ...
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The latest news and headlines from Yahoo News. Get breaking news stories and in-depth coverage with videos and photos.
Breaking news and analysis from Canada and around the world for politics, COVID-19, racial injustice, travel, weather, entertainment, lotto and more.
