Sentence examples for a default occurred from inspiring English sources

And the seller would no longer be under any obligation to pay if a default occurred.

For most purposes, determining whether a default occurred in a country's debt falls to ratings agencies like Fitch and Moody's.

Second, he could pledge that, if worse came to worst, he would, once a default occurred, use his emergency powers to end it and save the nation and the world from catastrophe.

A default occurs when a country (or company) can't make a debt payment.

Swap arrangements made by other insurers require payments only if a default occurs.

What if a company that wrote insurance can't produce the required payout when a default occurs?

But because each contract must be settled between buyer and seller if a default occurs, this imbalance can present a problem.

If a default occurs, the party providing the credit protection — the seller — must make the buyer whole on the amount of insurance bought.

If a default occurs, the seller (the party providing the credit protection) must make the buyer (the party receiving the protection) whole on the amount of insurance purchased.

The remedies section states that should a default occur, the lender may declare the entire principal of the note, together with accrued interest, immediately due and payable.

Those sorts of derivatives pay out money over time, whereas derivatives tied to a country's debt pay out on one occasion: if a default occurs.