To protect the creditor, should default in payment be made by the debtor, security will often be required for the loan.

为了保护债权人，防止债务人不履行债务，贷款时一般要求提供担保。

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The penalty clause entitled the plaintiff, in the event of default in payment, to extract a pound of flesh nearest the defendant's heart.

合同的惩罚条款，授权原告在发生履行迟延(default)的情况下，从被告心脏附近割下一磅肉来。

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Signs of strain are everywhere. In September the Department of Education reported that in 2009 the default rate, which is defined as non-payment for 270 days, had reached 8.8%.

这种紧张气氛的迹象无处不在，9月教育部报道了2009年的违约率达8.8%，也就是说270内未能完成付款的比率。

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But there seem to be no clauses in the prospectuses for Greek government bonds that would trigger accelerated payment of the rest of what's owed on any particular bond in default or that would put other bonds into default: in the jargon, there are no accelerated payment or cross-default clauses.

BBC: Is a Greek default so bad for Greece?

So in theory if cross-default or accelerated payment clauses were unexpectedly to turn up in bond documentation, the Greek parliament could legislate to make them null and void.

BBC: Is a Greek default so bad for Greece?

Aron said no, declared Semgroup in default on its contracts and demanded immediate payment of losses.

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