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Monday, November 20, 2017 12:58:23 AM
Compensated Awareness Post View
Disclaimer
Default: A default occurs when a person or entity fails to meet its debt obligations. It can be in the form of unpaid loans, mortgages, bonds, and promissory notes. A debtor is also considered to have defaulted when a violation of loan conditions is committed (i.e., not making a scheduled payment).
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