Sentence examples for constitute default from inspiring English sources
That would constitute default even if it offers to service the debt under local law.
Busting through the limit would indeed constitute default, since the government would be unable to pay its bills.
Landis is claiming that team management was aware of the team's widespread doping when the contract with the Postal Service clearly stated that any doping would constitute default of their agreement, the people said.
The reverse operation would be nothing like as orderly, not least because the exchange rate would be a moving target.If businesses converted their debts to a weaker currency, that might constitute default and trigger legal challenges.
Landis claimed Armstrong and the team management were aware of the widespread doping on the team when its contract with the Postal Service clearly stated that any doping would constitute default of their agreement, said two people with knowledge of the case.
Among the obstacles is a federal whistle-blower case in which Armstrong and several team officials from his United States Postal Service cycling team are accused of defrauding the government by allowing doping on the squad when the team's contract with the Postal Service clearly stated that any doping would constitute default of their agreement.
The Treasury says failure to make any payment when due constitutes default.
So the CDS is far from a perfect hedge.Even more difficult is the question of what constitutes default.
The reaction to the kit suggests we need to start squirming uncomfortably about the very whiteness of the sport and our notions of what constitutes default flesh tone.
The letter calls for the Department of Education to immediately determine a way to identify when schools are improperly averting defaults, and to clarify "what default aversion policies are appropriate and what policies essentially constitute a default manipulation".
