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.
If a bank loan goes into default, it makes sense to write it off the books.
With many mortgage loans underwater, continuing job losses are pushing ever more households into default.
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Twenty-five properties held by Batch Development Company, Inc. associated with the mortgage default were placed into receivership.
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Once those borrowers miss third payments, their homes officially fall into default and foreclosure filings eventually follow.
If you are an employer, do your staff a favor and default them all into an automatic-escalation plan.
Nasdaq has delisted the parent company's stock, and its bank could, at any time, force the company into default.
That I simply must pay them or go into default, in which my taxes and wages will be garnished.
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It does seem remarkable that after all this work and angst that Greece will be pushed into default and departure from the euro.
In other words, Mr da Silva must realise how enormous would be the economic and political price of letting Brazil slide into default.
If Italy goes into default, the implications for the European and US banking systems - and their economies generally -- will be devastating.
The Department of Financial Services said the agreements also call for restitution to homeowners erroneously charged for or driven into default by force-placed insurance.
For example, believing that driving the country into default on its debt is good for all may be false, but it is not delusional.
While the deal has been mired in controversy, one thing that potential bond buyers may not have to worry about is the bonds going into default.
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If they send me a budget bill that says simply, "take our cuts or we'll let the country go into default, " I will still veto it.
In 2007 analysts at MBIA had started noticing strange things in the loan pools, such as mortgages that went into default without a single payment being made.
To prevent our nation from going into default, the Treasury secretary, Robert Rubin, has been forced to take extraordinary actions, and so far he has been successful.
They take the tuition and leave their graduates with a worthless degree and tens of thousands of dollars in loans, many of which go into default.
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Because each lacks its own central bank to act as a lender of last resort, troubled countries can more easily be pushed into default as markets panic.
It is now clear that President Barack Obama is prepared to put the country into default, hold up Social Security checks and blame it all on the Republicans.
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Conceding the debt-ceiling vote was a simple way for House Republicans to prevent the U.S. government from going into default, which would be disastrous for the economy here and abroad.
All day long, spreads in credit default swaps on major U.S. banks, like Goldman Sachs, grew wider on concern that a Greek default would translate into adverse consequences for financial companies.
If you get in contact with your bank early enough, there's several things that the bank would try to do to prevent the property from going into default and eventually foreclosure.
Some observers suggested the closer correlation may be because markets generally are not be as pessimistic about the European debt situation as previously, with any Greek default pushed farther into the future.
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What happened when you started to see all the wolves in the subprime market and you started to see so many people going into default is that the credit market has tightened up.
It was considered the supportable ceiling for sovereign debt in the old days of higher interest, but current 100% levels of debt to GDP require low interest rates or the sovereign goes into default.
It will prevent a country going into default as a result of a natural disaster and will reinforce its standing in the eyes of lenders and rating agencies (important if it has to borrow to cope with the disaster).
Jerry Speyer of Tishman Speyer Properties, for example, has seen his real estate empire spiral into default and spends much of his time these days locked in rooms with bankers, according to a recent New York Times article.
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Leading Democrats argued that the consequences of failing to raise the debt ceiling, which could force the government into default and upend the fragile economic recovery, make the stakes much higher than during the tense negotiations to keep funding the federal government.
After reviewing my initial promissory note from Chase Bank, it has come to my attention that on the promissory note it states that the loans provided by the bank would not be sold to another provider unless the loans had come into default.
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