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Glossary   >   D   >   "Default" Definition            Default Failure to make timely payment of interest or principal on a debt security or to otherwise comply with the provisions of a bond indenture. 1. The failure to promptly pay interest or principal when due. Failure by a debtor to meet the terms of a loan either by not paying interest due or not repaying the capital due. Glossary    Dictionary Search (powered by Google) WWW ITLOCUS.COM GLOSSARY.ITLOCUS.COM Translate a web page (powered by Google)      to German Spanish French Italian Portuguese Japanese Korean Chinese

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Default - Failure to make timely payment of interest or principal on a debt security or to otherwise comply with the provisions of a bond indenture.

1. The failure to promptly pay interest or principal when due.

Failure by a debtor to meet the terms of a loan either by not paying interest due or not repaying the capital due.