Defaults

SmallBusiness.com: The free small business resource

Defaults refers to the nonpayment of principal and/or interest on the due date as provided by the terms and conditions of a promissory note or loan agreement.

Source

AllBusiness.com

See Also

This term or phrase is currently an entry in The SmallBusiness.com Open Glossary. Please help expand this entry into a more detailed description.

This is a SmallBusiness.com stub: This page has been started by a user, but it needs more information and formatting to be considered an entry. If you can help, please add information that will make this entry helpful. See: How to edit an entry.