upon default in payment
1default — 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… …
2Default (finance) — Finance Financial markets Bond market …
3default — to fail to meet an obligation when due, such as paying a debt. Glossary of Business Terms Failure to meet a margin call or to make or take delivery. The failure to perform on a futures contract as required by exchange rules. The CENTER ONLINE… …
4Credit default swap — If the reference bond performs without default, the protection buyer pays quarterly payments to the seller until maturity …
5UK default charges controversy — The UK default charges controversy is an on going issue in consumer law, relating to the level of fees charged by banks and credit card companies for late or dishonoured payments, exceeding credit limits, etc.Legal backgroundA personal account… …
6delivery versus payment — delivery vs. payment ( DVP) The simultaneous exchange of securities and cash. The safest method of settling either the purchase or sale of a security. In a DVP settlement, the funds are wired from the buyer s account and the security is delivered …
7guaranty of payment — A guaranty which binds the guarantor to pay the debt of another, known as the principal debtor, at maturity, in the event the money has not been paid by the principal debtor, the obligation of the guarantor becoming fixed upon the default of the… …
8lease — 1 / lēs/ n [Anglo French les, from lesser to grant by lease, from Old French laisser to let go, from Latin laxare to loosen, from laxus slack] 1 a: a contract by which an owner of property conveys exclusive possession, control, use, or enjoyment… …
9security deed — A term probably confined to the state of Georgia and there meaning a deed conveying the legal title to land as security for the payment of a debt. Upon default in payment, the holder of the debt reduces it to judgment, and the holder of the legal …
10del credere agent — ➔ agent * * * del credere agent UK US noun [C] ► COMMERCE a person or company that receives commission (= payment) for selling goods or services for another person or company, and that agrees to pay for the goods even if no money is received from …
