Sentence examples for default of issue from inspiring English sources

It decreed that, in default of issue to either William or Anne, the crown was to pass to Sophia, electress of Hanover and granddaughter of James I, and to "the heirs of her body being Protestants".

This bill gave the succession to Mary's sister, Anne, in default of issue to Mary; barred Roman Catholics from the throne; abolished the Crown's power to suspend laws; condemned the power of dispensing with laws "as it hath been exercised and used of late"; and declared a standing army illegal in time of peace.

The defaults of issues originally rated junk are most often due to eroding finances: The companies don't make enough money to pay the interest tab.

Some bondholders rejected the offer, leaving Argentina in default of $26 billion and unable to issue debt abroad.

Until Friday EU executives have refused to countenance the prospect of default and the issue has not been discussed at any official level.

Under the agreement, Bank of America withdrew the notice of default it issued on Oct. 18, and declared Comstock to be in compliance with its obligations.

Travel Guard is still issuing policies for Swissair and Sabena Airlines, but because of bankruptcy petitions filed by the two airlines, says it will not cover claims resulting from the financial default of either company for policies issued after Oct. 1 for Swissair and after Oct. 3 for Sabena.

European high-yield bonds pay 10 percentage points more than government issues, even though default rates are currently very low: in the year to September, only 1.9% of issues defaulted.

But default rates on corporate debt are very low at the moment; in the 12 months to September just 1.9% of issues defaulted, according to Standard & Poor's.

Junk bonds were trading as if almost 9 percent of issues will default over the coming year, Mr. Morgan observed, even as Moody's Investors Service projects that only 1 percent to 2 percent will do so.

"It is fine to make default a moral issue, but you also have to accept that outside of Western Europe, defaults have been a dime a dozen, even in the past few decades".