"default interest" is a correct and usable phrase in written English.
This phrase can be applied in any legal context that involves interest rates or payments associated with defaulting on a debt. For example, "If the borrower defaults on his loan, they will be subject to default interest of 10% on the remaining balance."
Most important, CWCapital and Fortress would also get about $566 million in default interest on the senior mortgage as their tenure at Stuyvesant Town came to an end.
That, the companies say, justifies the high default interest rates for late payments, since that is the way they recoup the costs of doing business.
The Money Shop charges £29.99 on £100 and applies a default fee of £29 plus default interest of at least 1% a day.
Another predatory practice is called default interest -- a rate increase that kicks in if a borrower misses a certain number of payments.
Without even having to prove loss, the lender is at least entitled to default interest (that is, interest accruing after the due date of repayment).
There are signs of a new mortgage war, with one lender offering a competitive default interest rate that could save borrowers thousands of pounds.
Archives|$12,000,000 FORECLOSURE.; Default In Interest Charged Against American Writing Paper Co. $12,000,000 FORECLOSURE.; Default In Interest Charged Against American Writing Paper Co.
Otherwise taxpayers should not cover A.I.G. obligations on credit default and interest rate swap contracts.
Equilibrium A is where investors don't believe you will default, so interest rates are low, so you don't.
Regulation for credit default and interest rate swaps was deemed unnecessary because it would supposedly cause more harm than good by limiting innovation.
City pension funds, insurers and foreign banks have been approached amid fears that it will default on interest payments to Citigroup, which bankrolled the buyout.
