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Because of default on two of seven deals, MBIA had to pay tens of millions of dollars.
Google has famously made a bunch of money from iOS because of default search and because its apps and services are popular.
However, by applying the very strict definition of TB, the incidence of active TB may have been underestimated because of default and early mortality.
For this analysis, there was a substantial number of missing values because of default, refusal, inability to cough, or laboratory error.
Almost all non-completion was because of default from treatment: there was only one death and one treatment failure during the study (see table C on bmj.com for definitions).
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This is because, short of default, a bond must eventually be paid off at par, so the prices of the bonds the funds hold will naturally migrate back toward face value over time.
If we went to the other extreme of having 100% people on benefits then we would go pop because of the default rate," he says.
(The amounts at risk because of defaults, though, are generally small compared with the capital of the banks in question).
Bank of America said last month that it may need to write down $3 billion of debt securities in the fourth quarter that lost value because of defaults on subprime mortgages.
The other day, a sportswriter suggested that because of defaults by two injured opponents, Roddick had not yet found his "emotional rhythm" in this tournament.
Except for the house owned by the diocese, all other properties selected for razing have been transferred to the county because of defaults on property taxes.
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Justyna Jupowicz-Kozak
CEO of Professional Science Editing for Scientists @ prosciediting.com