https://wiki.freecapitalists.org/index.php?action=history&feed=atom&title=DefaultDefault - Revision history2026-08-14T23:47:23ZRevision history for this page on the wikiMediaWiki 1.43.9https://wiki.freecapitalists.org/index.php?title=Default&diff=13284&oldid=prevPestergaines: Extended by sovereign debt.2011-02-16T23:08:24Z<p>Extended by sovereign debt.</p>
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<td colspan="2" style="background-color: #fff; color: #202122; text-align: center;">Revision as of 23:08, 16 February 2011</td>
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<tr><td class="diff-marker"></td><td style="background-color: #f8f9fa; color: #202122; font-size: 88%; border-style: solid; border-width: 1px 1px 1px 4px; border-radius: 0.33em; border-color: #eaecf0; vertical-align: top; white-space: pre-wrap;"><div>In [[finance]], '''default''' occurs when a debtor has not met his or her legal obligations according to the debt contract, e.g. has not made a scheduled payment, or has violated a loan covenant (condition) of the debt contract. A default is the failure to pay back a loan.{{Fact|Didn't find a good definition, copied this from Wikipedia.}}</div></td><td class="diff-marker"></td><td style="background-color: #f8f9fa; color: #202122; font-size: 88%; border-style: solid; border-width: 1px 1px 1px 4px; border-radius: 0.33em; border-color: #eaecf0; vertical-align: top; white-space: pre-wrap;"><div>In [[finance]], '''default''' occurs when a debtor has not met his or her legal obligations according to the debt contract, e.g. has not made a scheduled payment, or has violated a loan covenant (condition) of the debt contract. A default is the failure to pay back a loan.{{Fact|Didn't find a good definition, copied this from Wikipedia.}}</div></td></tr>
<tr><td colspan="2" class="diff-side-deleted"></td><td class="diff-marker" data-marker="+"></td><td style="color: #202122; font-size: 88%; border-style: solid; border-width: 1px 1px 1px 4px; border-radius: 0.33em; border-color: #a3d3ff; vertical-align: top; white-space: pre-wrap;"><div><ins style="font-weight: bold; text-decoration: none;"></ins></div></td></tr>
<tr><td colspan="2" class="diff-side-deleted"></td><td class="diff-marker" data-marker="+"></td><td style="color: #202122; font-size: 88%; border-style: solid; border-width: 1px 1px 1px 4px; border-radius: 0.33em; border-color: #a3d3ff; vertical-align: top; white-space: pre-wrap;"><div><ins style="font-weight: bold; text-decoration: none;">==Sovereign debt default==</ins></div></td></tr>
<tr><td colspan="2" class="diff-side-deleted"></td><td class="diff-marker" data-marker="+"></td><td style="color: #202122; font-size: 88%; border-style: solid; border-width: 1px 1px 1px 4px; border-radius: 0.33em; border-color: #a3d3ff; vertical-align: top; white-space: pre-wrap;"><div><ins style="font-weight: bold; text-decoration: none;">A sovereign default is defined as the failure of a government to meet a principal or interest payment on the due date (or within the specified grace period). These episodes include instances in which rescheduled debt is ultimately extinguished in terms less favorable than the original obligation.<ref name="Reinhart_Time">Carmen M. Reinhart & Kenneth S. Rogoff. [http://press.princeton.edu/chapters/s8973.pdf This Time Is Different: Eight Centuries of Financial Folly] (pdf), ''Chapter 1'', see also the [http://press.princeton.edu/titles/8973.html summary page]. Referenced 2011-02-17.</ref></ins></div></td></tr>
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</table>Pestergaineshttps://wiki.freecapitalists.org/index.php?title=Default&diff=13283&oldid=prevPestergaines: Created bare minimum of a page, bit more to come.2011-02-16T13:11:23Z<p>Created bare minimum of a page, bit more to come.</p>
<p><b>New page</b></p><div>In [[finance]], '''default''' occurs when a debtor has not met his or her legal obligations according to the debt contract, e.g. has not made a scheduled payment, or has violated a loan covenant (condition) of the debt contract. A default is the failure to pay back a loan.{{Fact|Didn't find a good definition, copied this from Wikipedia.}}<br />
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==Links==<br />
* [[Wikipedia:Default (finance)|Default]] on Wikipedia<br />
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[[Category:Economic concepts]]<br />
{{Stub}}</div>Pestergaines