If you default on payments, it is your personal credit history that is hurt.
The US risks default on its debt if Congress does not raise the borrowing limit before 2 August.
On one point top Democrats and Republicans agree: failing to raise America's debt ceiling in time to avert a default on federal obligations is unthinkable.
In addition to the harsh working environment, workers also have to face mine collapse, bosses default on wages, their own physical shoulders and other risks.
In the city of Stockton, unemployment has reached 17 percent, and in a neighborhood on the outskirts of town, called Weston Ranch, almost one-third of homeowners are in default on their mortgage.
There have been widespread calls for Greece to leave the euro and default on its debts, so it can enter what Boris Johnson, the Tory mayor of London, said would be a state of “Byronic liberation”.
default on $600 million in loans
In other words, Banks figure the large SOEs won't go bankrupt and default on their loans.
Is Goldman on trial for letting sophisticated billionaires place a bet on whether a group of overleveraged U.S. homeowners would default on their mortgages?
Concern that the two nations could default on their debt caused yields to skyrocket last week as investment funds stepped out of the market.
With Greek bond yields off the chart, the lack of investor confidence in the ability of Greece to avoid a default on its debt and remain in the euro zone weighed on market sentiment.
Now that the US Congress is done playing chicken with the debt ceiling and the looming possibility that the US would default on its debts, is the crisis over?
The mortgage used to be the last debt people would default on.
Mr. Jackson, 49 years old, was in default on the loan and Fortress had initiated foreclosure proceedings.
It decreases the chance that either Fannie or Freddie will default on its debts or credit guarantees, which was the doomsday scenario for global financial markets.
The political impasse could lead to a technical default on U.S. debt, though that is far from certain and there is no sign the markets are nervous about the same.
Ratings are based on the probability of default so they are absolute, not relative; in theory, all countries could default on their debts.
So the state probably would default on its bank debt (“restructure” the debt is the current euphemism), and this might bring down the banks that had made the loans that were now in default.
On November 10th Sands said that a long-planned expansion on Macau was being postponed indefinitely to preserve capital, having given warning on November 6th that it might default on its debt.
default on hire purchase payments
Besides market risks, Goldman also assesses credit risks, based on whether a counterparty might default on a loan or fail to honour a derivative contract, and liquidity risk.
It is no longer just whether any of the 17 governments in the euro zone will default on its debts; increasingly it is whether the euro zone will survive in its current form at all.
With lower allowable default rates, for-profit (and other colleges) would cut back on the number of students accepted whom they expect to eventually default on their student loans.
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Fannie Mae and Freddie Mac say the programs could give counties top priority to be repaid if homeowners default on their mortgages.
President Barack Obama and Republican lawmakers remain at deadlocked over how to increase the nation's debt ceiling to avoid a possible default on its loans.
The immediate worry is that Spain and Italy are now borrowing money at unsustainable rates and may be forced into the kind of slow-motion default on sovereign loans that is happening in Greece.
They'll get worse for the obvious reason: because more people will default on their mortgages.
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