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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.
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Some bondholders rejected the offer, leaving Argentina in default of $26 billion and unable to issue debt abroad.
That put the company in default of the terms of a $33 million note issue, which required a current ratio of at least $1.80 to11.
Currently in default of your student loan.
One sixth of the bond principal in default last year was issued by energy companies, all in the first few months of the year.
We quantify the reduction in default probability associated with issuing contingent capital instead of subordinated debt.
Greece won't officially be in default until the IMF issues a declaration to that effect.
The dramatic increase in default rates among junk bond issuing companies.
"One out of every eight student loans held by this group is in default," said Charles Jeszeck, director of education, workforce, and income security issues at the GAO.
But after a term in government, the Lib Dems cannot rely on being the default choice on this sort of issue for protest voters.
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Justyna Jupowicz-Kozak
CEO of Professional Science Editing for Scientists @ prosciediting.com