Sentence examples for default happen from inspiring English sources

In that case, Mr. Obama will either let default happen or find some way of defying the blackmailers, trading a financial crisis for a constitutional crisis.

The best response to a threat to default is a willingness to let the default happen.

Delinquency and default happen when you neglect to make student loan payments and your finances take a turn for the worse (cue ominous music).

So these various short- to medium-term measures may well be available to prevent default, but, at the end, if the Greek government cannot renegotiate its crushing debt burden — without some form of debt forgiveness in however form it will be disguised — you could see a Greek default happen.

"People believe there is a low chance the default happens," Mr. Takata said in Tokyo.

The default happened after a last-gasp refinancing plan fell at the final hurdle, according to local media.

The prices for credit default swaps, financial instruments that pay investors in the event that a default happens, imply just a 0.05 percent chance, or 1-in-2,000, of a default occurring within the next year, according to The Wall Street Journal.

As I understand it, countries that defaulted in the past were almost always downgraded well before the default happened; but in all such cases, the markets were already signalling big trouble before the rating agencies moved.

Some investors entered swaps on Greece as a way of effectively insuring themselves against losses on their Greek bonds, while others used them as a way to bet on a default happening.

If last-ditch talks beginning Saturday fail, they will have to take responsibility if the unimaginable — a government default — happens in 10 days and the checks stop going out.

You could be forgiven for thinking that a default happened the moment the bond failed to do what it said on the label – ie pay a specified coupon and become redeemable at a fixed point in the future.