Sentence examples for Payment default from inspiring English sources

"Payment default is one of the main issues suppliers have faced," El Bassunie said in an interview.

The deal was based on four principles: voluntary participation, speed, no payment default and agreement with the European central bank.

Key challenges involve payment default that could be worked around micro-insurance packages that would cover for missing payments.

Chase said members of Iridium L.L.C. were required by the loan agreement to buy additional units in Iridium in the event of a payment default.

Fitch analysts observed: "The downgrade... reflects an uncured payment default following Interpipe's failure to make a scheduled principal debt repayment of $106m [£64m] on 1 November 2013.

But Moody's also said that the plan would benefit Europe "by containing the contagion risk that would likely have followed a disorderly payment default on existing Greek debt".

Falling home prices and a spike in payment defaults have created turmoil in the mortgage industry.

It typically takes as long as five years for problems, like payment defaults, to show up in home loans.

A weak housing market and a spike in payment defaults scared investors away from mortgage debt, including bonds and other securities backed by home loans.

Wade Cline, managing director of the Enron-backed Dabhol Power Company, said the problem was caused by the "continuing payment defaults" by the plant's sole customer, the utility in the Indian state.

As much as 70percentt of recent early payment defaults had fraudulent misrepresentations on their original loan applications, according to one recent study.