Installment Default

From Open Risk Manual

Definition

Installment Default. Non-payment of a call by the beneficial owner, resulting in either a court action by the issuer or the sale of the securities to recover costs and/or a forfeit of partially paid securities.

SWIFT = INDE


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This entry annotates a FIBO Ontology Class. FIBO is a trademark and the FIBO Ontology is copyright of the EDM Council, released under the MIT Open Source License. There is no guarantee that the content of this page will remain aligned with, or correctly interprets, the concepts covered by the FIBO ontology.