Thus, the bank bears the risk of making higher payment due to the possibility of default of the counterparty.
In April, the talk shifted to the possibility of default.
And yet, a growing number of Republicans are questioning the possibility of default.
As the possibility of default looms larger, many Greeks are worried about what it would mean.
Second, avoid the possibility of default on the nation's debt.
THE sovereign debt crisis has a new potential casualty with the new government of Hungary raising the possibility of default.
But Europe is learning the hard way that talking about the possibility of default can hasten precisely that outcome.
Treasury bonds are less useful for buying things and government debt carries at least the possibility of default.
But suppose that markets were giving the possibility of default the attention it deserves; how should they be reacting?
Rising deficits have caused strains in bond markets, reflecting worries about the possibility of default and the ability of investors to digest the surge in supply.
