Knowing the merits and limitations of defaults can help firms better serve a variety of customers those who wish to make active decisions, those who prefer to rely on the expertise of the company to guide them, and those who don't want to be bothered making choices at all.
Notice of Default is very clear: you have defaulted, you are in default, you are defaultive.
Default would have the merit of demonstrating the cost of European incoherence, but even little Greece is probably too big to fail.
First and foremost is Hernández, the Mets' No. 1 pitcher these days on merit, not default.
The theory was that any one of these loans was at high risk of default, but a large and diversified portfolio in which only a small percentage of loans defaulted was so safe that it merited an AAA rating from the credit agencies.
Probability of default models assess the likelihood of default by an obligor.
But now introduce the threat of default.
That partly reflects rising fears of default.
Without growth, the spectre of default remains.
Hence there is zero chance of default.
