Sentence examples for of technical default from inspiring English sources

Already, he said, "the vast, vast majority of hotels that were either bought or significantly refinanced after 2004 are in some level of technical default with their lenders right now".

And some commentators have suggested that the United States could pass legislation to prioritize or guarantee payments to bondholders, thus erasing what they describe as the worst of the financial market reaction and removing the threat of technical default.

With a grace period of 30 days, the date of technical default is the end of July.

Then, in January 1923, on the pretext of a technical default by Germany on its deliveries of timber, the French occupied the Ruhr.

Greece would be unable to draw the next €12 billion slice of its EU-IMF loan due in July, raising the prospect of a technical default.

PP: I've heard of the technical default.

Yet Congress foolishly refuses to rule out the future possibility of a technical default.

As for the danger that Congress might not be able to agree on a deal to lift the federal debt ceiling, which it must do by mid-October if the government is to continue borrowing, Mr. Six said the consequences of such a "technical default"  —  both for the United States and the rest of the world  —  could be too grim to talk about.

A central clearing house would have reduced the damage of Lehman's collapse by around two-thirds, according to a report by Moody's, the ratings agency.Even without a clearing house, the market survived both the demise of Lehman and the earlier (largely technical) default of Fannie Mae and Freddie Mac, the two housing giants.

As properly managed tax strategies increase after-tax cash flows, the findings add to the literature by identifying a new value-enhancing channel of the re-allocation of control rights in technical default.

KBC claimed that the WMATA was in technical default of a contract following the collapse of AIG, which had guaranteed the loan that KBC made to WMATA in 2002.