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Investing Glossary:
Default
Copyright 2010,
Campbell R. Harvey. All Rights Reserved.
Do not reproduce without explicit permission.
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| Term: |
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| Definition: |
| To Default is to Fail to repay the Principal or make timely payments On a Bond or other Debt investment security issued. Also, a default is a breach of or failure to fulfill the terms of a Note or contract. Failure to make timely payment of Interest or principal on a debt security or to otherwise comply with the provisions of a bond indenture.
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