Amazingly, despite their individual poverty the default rate as a group is very close to zero.
Alarmed by the default of the Daewoo group, investors are shifting money from investment trusts into bank deposits.
In statistical terms: Default rates explain away group differences in scores, leaving no residual impact that can be attributed to race.
That drop in value caused Plaza Group to trigger the loans' net asset value ratio covenant and default, according to filings made by Plaza Group in bankruptcy court.
Assured Guaranty, and the other big monolines like MBIA and Ambac Financial Group, use credit default swaps and other credit derivatives to insure bonds.
FORBES: Left Overs of the Financial Crisis: Last Monoline to Lose AAA-Rating
The company warned that if all resolutions were not passed at the meeting, the group would be in default of its banking facilities and it would have insufficient cash to allow it to continue to trade.
David Weiss, the self-described "default de facto" leader of the group, won a CMA grant for "The Turning Gate, " a revolving phrase of 51 beats inspired by a Korean fable about unattainable happiness.
There are a group of his caucus that actually think default would be okay and have said that they would not vote for increasing the debt ceiling under any circumstances.
Repeat the exercise for a large group of publicly traded corporations and you can get an overall default rating for a country's private sector or for one segment of the economy.
On Tuesday, CME Group and Citadel announced they would be creating an electronic trading platform for credit-default-swap contracts.
And since 1991 the National Conference of Commissioners on Uniform State Laws, a group dedicated to rationalizing and harmonizing state laws, has urged states to make this the default for a married person with kids (but no children from a previous marriage) who dies intestate.
To offset any default, 5 percent of the loan is deposited at a bank as a guarantee, and a solidarity group of five to eight households is formed to share responsibility for the member's loan repayments.
By November 2007, when the narrative ends, it was already clear to Mr Morris that this crisis was much more serious than the last big crunch, the 1998 Russian debt default and the bail-out of Long-Term Capital Management, an American hedge fund, by a group of banks under the Fed's direction.
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