Sentence examples for default of borrowing from inspiring English sources
Mr. Brown said such moves were meant to hide that Adelphia was in default of borrowing restrictions in lending agreements with banks and bondholders.
Try to figure out how to stay alive!' Anyhow the debt ceiling will remain the focus for the markets as American politicians try and agree a compromise which would allow them to avoid the most pointless default in the history of borrowing.
Aid advisers, concerned about the rising rate of defaults, stress the importance of borrowing as much as possible through federal loan programs before turning to private loans, which offer fewer consumer protections.
Letting the Treasury run out of borrowing authority would mean a default on the nation's credit, a catastrophic prospect for holders of government bonds around the world.
The new higher ratings, which lower the cost of borrowing, emphasize the fact that municipal defaults have been much rarer than corporate defaults.
Concerns over contagion have caused sovereign credit-default swap spreads to widen, and the cost of borrowing to rise.
But a default could damage confidence and drive up the cost of borrowing for Americans.
The spread on credit default swaps for government debt has become a benchmark that raises the cost of borrowing for companies in troubled countries, Mr. Gros said.
The Better Together campaign says that defaulting on the debt would be "completely irresponsible," and lead to a higher cost of borrowing for the rest of the country.
However, the scale of borrowing troubled euro zone countries might need raises the specter that one of the nation's could default on an IMF loan.
