Sentence examples for default occurs from inspiring English sources

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.

If a default occurs, the seller (the party providing the credit protection) must make the buyer (the party receiving the protection) whole on the amount of insurance purchased.

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.

The remedies section states that should a default occur, the lender may declare the entire principal of the note, together with accrued interest, immediately due and payable.

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