Difference between revisions of "Default Event"

Revision as of 16:37, 15 June 2023

Definition

Default Event is a legal condition that follows from a borrower (or counterparty) to a financial contract not honoring their obligations. It is a Credit Event representing a failure to meet a contractual obligation, such as, but not limited to, failure to pay

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 == Definition ==
 '''Default Event''' is a legal condition that follows from a borrower (or counterparty) to a financial contract not honoring their obligations. It is a [[Credit Event]] representing a failure to meet a contractual obligation, such as, but not limited to, failure to pay
-== Disclaimer ==
-This entry annotates a [https://spec.edmcouncil.org/fibo/ FIBO Ontology Class]. FIBO is a trademark and the FIBO Ontology is copyright of the EDM Council, released under the [https://opensource.org/licenses/MIT 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.
 [[Category:Credit Events]]
 [[Category:Credit Risk‏‎]]
-{{#set: isDefinedBy | https://spec.edmcouncil.org/fibo/ontology/FBC/DebtAndEquities/CreditEvents/index-en.html }}
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