Sentence examples for default of credit from inspiring English sources

Washington is facing a cash crunch, is in default of credit agreements and cannot secure performance bonds needed to start new projects.

At any rate, the default of Credit Equals Gold #2 barely made a ripple in markets.Yet it is far too soon to call time on China's shadow banks.

Surprisingly, the default rate is below 3%, which, compared to the 5% default rate of credit card issuers in the USA, turns out to be very good (Mohan and Potnis 2010).

Dean Witter, Discover (36) is an issue that has suffered because of concern over the rising default rates of credit card debt.

Banks and card companies are bracing for a wave of defaults on credit card debt in early 2009, and they are vying with each other to get paid first.

As a result of the verdict, Key Tronic said that as of Dec. 29 it will be in default of certain credit agreements with a lender to the company.

The departure of the two executives could, in theory, have prompted a default on $234 billion of credit-default swaps.

If the Big Three defaulted on their debts, holders of credit default swaps which in recent years have grown like toxic weeds would demand payment from those who wrote the insurance on the automakers' bonds.

Argentina argues that it has already taken a pair of steps that ought to be enough to win a resumption of credit, default or no default.

If Greece defaults, it could set off the activation of credit default swaps — a type of financial insurance.

Holders of credit default swaps, the insurance investors buy to protect themselves against a default, are also adding new pressure.