L. Fr. Infamous. Britt c. 15.

The omission or failure to fulfill a duty, observe a promise, discharge an obligation , or perform an agreement. State v. Moores, 52 Neb. 770, 73 N. W. 299;Osborn v. […]

the last day when a defendant can be in court in order to defend himself.

When the plaintiff wins the case and the defendant doesn’t file acknowledgement of service, make appearance, or enter a defense. The case can be dismissed and a default judgment is […]

The ability of a borrower to not pay debt. It decides credit risk among debtors in a similar situation.

Failure to have living children or descendants at a given time or fixed point. George v. Morgan, 16 Pa. 100.

An OVERTHECOUNTER BINARY OPTION that grants the buyer a payoff if the reference credit DEFAULTS on a specific DEBT obligation ; the payoff is equal to the difference between a […]

The certainty that a firm will go into default or not perform the acts on a contract.

Insurance for default to pay the debt lost if it fails to deliver or perform.

Interest rates banks charge customers not making payments on loans. It can also occur if payments are late.

The loss exposure because of non payment when the loan becomes payable. It relates to credit worthiness and decides interest rates on the loan.

The manufacturers controls for a hardware or software. It can be changed and customized.

An OVERTHECOUNTER SWAP involving the exchange of deferred PREMIUM (often in the form of a floating rate CASH FLOW) for a lumpsum payment if an UNDERLYING reference credit DEFAULTS. The […]

One who makes default. One who misappropriates money held by him in an official or fiduciary character, or fails toaccount for such money.

An instrument which defeats the force or operation of some otherdeed or estate. That which is in the same deed is called a “condition;” and that which isin another deed […]

Subject .to be defeated, annulled, revoked, or undone upon the happeningof a future event or the performance of a condition subsequent , or by a conditionallimitation. Usually spoken of estates […]

An estate in fee but which is liable to be defeated by some futurecontingency; e. g., a vested remainder which might be defeated by the death of theremainderman he- fore […]

One that is liable to be annulled or made void, but not one that isalready void or an absolute nullity. Elder v. Schumacher. 18 Colo. 433, 33 Pac. 175.

To prevent, frustrate, or circumvent ; as in the phrase “hinder, delay, ordefeat creditors.” Coleman v. Walker, 3 Mete. (Ivy.) 05. 77 Am. Dec. 103; Walker v.Sayers, 5 Rush (Ivy.) […]

The want or absence of some legal requisite; deficiency; Imperfection ; insufficiency .Hauey-Campbell Co. v. Creamery Ass’n, 119 Iowa, 188, 93 N. W. 297; Bliven v. Sioux City, 85 Iowa, […]

An imperfection in the style, manner, arrangement , or non-essentialparts of a legal instrument , plea, indictment , etc., as distinguished from a “defect ofsubstance.” See infra.

In pleading and practice. Insufficiency of theparties before a court in any given proceeding to give it jurisdiction and authority todecide the controversy , arising from the omission or fail- […]

An imperfection in the body or substantive part of a legal instrument , plea, indictment , etc., consisting in the omission of something which is essential to be set forth. […]

The quality standards that must be met every time.

Lacking in some particular which is essential to the completeness, legalsufficiency, or security of the object spoken of; as, a “defective” highway or bridge,(Munson v. Derby, 37 Conn. 310, 9 […]