Sentence examples for default occurred from inspiring English sources

A second default occurred when Freed did not maintain the required $5 million in unencumbered funds.

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

"The default occurred without the knowledge of the physician or techs," the facility said, according to F.D.A. records.

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

It only gave the trustees authority, when such default occurred, to sell upon short notice, and, in that way, oust the mortgago, and suspend his right to further appropriate the income of the property.

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.