Glossary
Default
Failing to repay debt as agreed
Default is when a borrower — a company or country — fails to pay a debt's principal or interest as promised. It crashes bond values and the credit rating, making future borrowing far harder.
Glossary
Failing to repay debt as agreed
Default is when a borrower — a company or country — fails to pay a debt's principal or interest as promised. It crashes bond values and the credit rating, making future borrowing far harder.