Business Loans Glossary: Default

Business Loans Glossary: Default

The omission or failure to perform or fulfill a legal duty, obligation, or promise (i.e. to pay a debt).







Other terms explained in the Business Loans Glossary
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Main Page Article Id: 65 - Version: 3 - Created: 25-02-2008 - Last Updated: 26-03-2008 - Hits: 297   
Categories: Glossary

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