Should either joint-venturer fails to pay the contribution on schedule according to Clause 5, the default party should pay the other 10% of the interest one month after the dead line.

如果合资一方未能按本合同第5条规定按期付款，违约方应在逾期后一个月付给另一方10%的利息。

youdao

Under a CDS, one party seeks to protect itself against the default of a bond issuer by paying an annual sum—the equivalent of an insurance premium—to someone else who wants to take on the risk.

在信用违约掉期条款下，一方为了保护自己免受国债发行者债务违约的风险，支付一定年费（相当于保险费）给第三方，让第三方来承担相应的风险。

youdao

If you don't want to use the default plug-ins, you can either write your own security plug-ins, or buy them from a third-party vendor.

如果不想使用缺省插件，那么既可以编写自己的安全性插件，也可以从第三方供应商购买安全性插件。

youdao

Despite the high jinks and copious drinking (or perhaps because of it), their large brains came up with a way of reducing risks for bond buyers: a bilateral contract that, for a fee, enabled investors to pass on the risk of default to another party.

WSJ: Give Some Credit to Credit-Default Swaps

Hiregoudar, professor of political science at Karnataka University, said the win would be "a victory by default" for the Congress party.

WSJ: Congress Set to Win Karnataka Poll

And Mr Zedillo, party flag-bearer by default, turned against his self-exiled predecessor.

ECONOMIST: Mexican politics