Opposition Republican leaders agree on the need to raise the borrowing limit by August second or risk the nation's first default.

VOA: special.2011.07.15

The company has to have enough money on hand to pay out in the case of default.

保险公司必须储备足够的资金,以应对突发的保险事故

耶鲁公开课 - 金融市场课程节选

(JOSH BIRNBAUM) "Our desk began to accumulate short positions, purchasing protection on individual securities through credit default swaps, largely from external C.D.O.managers who asked us to bid for these positions."

VOA: special.2010.04.30

The Argentine government and the Fund are close to a state of open warfare: as the IMF continues to insist that any rescue package for the country depends on commitment to urgent reform, the Argentine finance minister on September 24th threatened to default on the country's debt to the Fund.

ECONOMIST: A thankless job | The

In effect, it will be forced to default on its obligations to society.

ECONOMIST: The future of Japan

Twice it has threatened to default on its repayments to the Fund.

ECONOMIST: The Fund's golden Rato