default on a contract
1Default rule — In legal theory, a default rule is a rule of law that can be overridden by a contract, trust, will, or other legally effective agreement. Contract law, for example, can be divided into two kinds of rules: default rules and mandatory rules.… …
2Contract for difference — In finance, a contract for difference (or CFD) is a contract between two parties, typically described as buyer and seller , stipulating that the buyer will pay to the seller the difference between the current value of an asset and its value at… …
3default — [[t]dɪfɔ͟ːlt[/t]] defaults, defaulting, defaulted (Pronounced [[t]di͟ːfɔːlt[/t]] for meaning 2.) 1) VERB If a person, company, or country defaults on something that they have legally agreed to do, such as paying some money or doing a piece of… …
4default — de·fault /di fȯlt, dē ˌfȯlt/ n [Anglo French defalte defaute lack, fault, failure to answer a summons, from defaillir to be lacking, fail, from de , intensive prefix + faillir to fail] 1: failure to do something required by duty (as under a… …
5Contract farming — is agricultural production carried out according to an agreement between a buyer and farmers, which establishes conditions for the production and marketing of a farm product or products.[1] Typically, the farmer agrees to provide established… …
6default — the failure by an entity to abide by the covenants in a debt obligation or other agreement to which it is a party. The most common default is non payment of interest or principal (Glossary of Common Bankruptcy Terms) failure to pay or otherwise… …
7Contract bridge — Bridge declarer play Alternative name(s) Bridge Type trick taking Players 4 Skill(s) require …
8default judgment — see judgment 1a Merriam Webster’s Dictionary of Law. Merriam Webster. 1996. default judgment …
9default interest provision — A provision in a contract which: • Provides a contractual sanction against non payment of a sum of money; and • Is a form of liquidated damages for that non payment. A default interest provision is nearly always included in an agreement where… …
10Default — De*fault , v. i. [imp. & p. p. {Defaulted}; p. pr. & vb. n. {Defaulting}.] 1. To fail in duty; to offend. [1913 Webster] That he gainst courtesy so foully did default. Spenser. [1913 Webster] 2. To fail in fulfilling a contract, agreement, or… …
