In default: Difference between revisions
From ACT Wiki
Jump to navigationJump to search
(Create page - source - Fitch - https://www.fitchratings.com/products/rating-definitions#about-rating-definitions) |
(Layout.) |
||
| Line 1: | Line 1: | ||
1. ''Borrowing and lending.'' | 1. ''Borrowing and lending.'' | ||
A situation in which a borrower has failed | A situation in which a borrower has failed to pay an instalment of interest in principal in full and on time. | ||
| Line 39: | Line 39: | ||
==Other resource== | ==Other resource== | ||
*[https://www.fitchratings.com/products/rating-definitions#about-rating-definitions Fitch - issuer default ratings]] | *[https://www.fitchratings.com/products/rating-definitions#about-rating-definitions Fitch - issuer default ratings] | ||
[[Category:Accounting,_tax_and_regulation]] | |||
[[Category:Financial_products_and_markets]] | |||
Latest revision as of 05:57, 1 February 2024
1. Borrowing and lending.
A situation in which a borrower has failed to pay an instalment of interest in principal in full and on time.
2. Credit ratings - credit risk evaluation.
Defined more broadly, a situation in which a borrower has entered into bankruptcy filings, administration, receivership, liquidation or another formal winding-up procedure, or has otherwise ceased business with its debt obligation still outstanding, or has failed to pay an instalment in full and on time.
(Source - Fitch rating definitions - D (default).)
See also
- Administration
- Bankruptcy
- Bond
- Bond indenture
- Credit rating
- Cross default
- Debt
- Default
- Defaulting lender
- Default fund
- Event of default
- Exposure At Default
- Finance party default
- Fitch
- Instalment
- Interest
- Issuer
- Liquidation
- Loss Given Default
- Loan agreement
- Materiality
- Non-performing loan
- Principal
- Winding-up
