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In April, the talk shifted to the possibility of default.
Second, avoid the possibility of default on the nation's debt.
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.
But Europe is learning the hard way that talking about the possibility of default can hasten precisely that outcome.
THE sovereign debt crisis has a new potential casualty with the new government of Hungary raising the possibility of default.
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Pakistan was seeking the aid from China, an important ally, as it faces the possibility of defaulting on its current account payments.
If it doesn't, the world's largest economy faces the possibility of defaulting on its debts, a move that would send shock waves around the global economy and financial markets.
However, extending credit presents the possibility of defaults and the bank credit market is confronted with frictions of asymmetric information and contract enforcement that make lending costly.
From now on, we postulate that the process A models all promised (or nominal) cash flows of the contract, as seen from the perspective of the trading desk without accounting for the possibility of defaults of trading parties.
It all means the United States could face the possibility of defaulting on its debt and losing its prized triple-A credit rating.
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Justyna Jupowicz-Kozak
CEO of Professional Science Editing for Scientists @ prosciediting.com