DEFINITION
Event of Default

"Event of default": The event of breaching a loan agreement. Each loan agreement will normally define exactly what constitutes an event of default. Events of default will generally include any failure to pay interest or capital on a due date, any failure to comply with a covenant and any inability to repeat a representation.
Loading conversations.
Similar or Related Terms
Statistics
273
Characters
54
Words
53.21
Flesch Reading Ease
10.3
Flesch Kincaid Grade