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"Most folks in finance default to a single Windsor knot on an Hermès or Ferragamo tie," Mr. Feige said.
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In the real world mortgages default, and mortgages of folks with shaky finances default the most.
FOR most finance ministers default is usually a subject to be avoided at all costs.
But those who fell into finance by default can inspire some modicum of disgust.
WHEN MERCURY FINANCE CORP. defaulted on its commercial paper in January, the Strong money market funds were left exposed.
In this paper, we have developed an EOQ model under two-level trade credit financing involving default risk by considering demand to a credit-sensitive and linear non-decreasing function of time.
But if Brazil continues to lose foreign bank financing, corporate defaults will increase and the economy, South America's largest, will weaken further.
The "shadow banking system", which relied on bank finance, started to default.
The crash sent prices falling more than 50 percent and stalled projects worth billions of dollars while developers grappled with a shortage of finance and customer defaults.
With international markets and banks watching Argentina closely for any sign of further deterioration in the government's already weak finances, an outright default on the World Bank loan due this week would be disastrous, and would cut the country off from its last source of credit.
BRUSSELS — Staving off the threat of an imminent Greek default, European finance ministers agreed over the weekend to finance the country through the summer but deferred crucial decisions on a second bailout.
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