Source: wikibot/default-finance
= Default (finance)
{wiki=Default_(finance)}
In finance, "default" refers to the failure of a borrower to meet the legal obligations or conditions of a loan, which typically means that they are unable to make the scheduled payments of principal or interest. This can occur in various contexts, including: 1. **Corporate Default**: When a corporation is unable to pay its debts or interest on bonds it has issued. This could lead to bankruptcy or restructuring.