Sentence examples for letter of default from inspiring English sources
"We are very disappointed that the Office for Technology has issued a letter of default," Mr. Dougherty said.
"If an informal approach does not produce results, the board can have a formal letter of default sent to the offending shareholders, citing the complaints and the appropriate lease provisions that govern them".
As Kate Berry writing for the American Banker argues, the foreclosure process in these states begins with a formal "notice of default" (NOD) letter sent to the delinquent homeowner; this is followed up by a notice published in a local newspaper.
According to the complaint filed yesterday by J. P. Morgan Chase, Enron and Mahonia engaged in such transactions for many years, relying on bank-issued financial instruments known as letters of credit to protect against the risk of default.
in a May 13 letter that rapidly reducing federal outlays in the event of default "would likely push us into a double dip recession".
"Your approach would force us once again to face the threat of default in five or six short months," the letter said.
Notice of Default is very clear: you have defaulted, you are in default, you are defaultive.
"What is the probability of default?
"Any chance of default?" I asked.
Signs of default stress are already showing.
