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What does it mean to be in default on a loan 2024?

Ava Patel | 2023-06-13 10:01:47 | page views：1567
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Alexander Davis

Works at Apple, Lives in Cupertino, CA
In finance, default is failure to meet the legal obligations (or conditions) of a loan, for example when a home buyer fails to make a mortgage payment, or when a corporation or government fails to pay a bond which has reached maturity.
2023-06-16 10:01:47
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Julian Cooper

QuesHub.com delivers expert answers and knowledge to you.
In finance, default is failure to meet the legal obligations (or conditions) of a loan, for example when a home buyer fails to make a mortgage payment, or when a corporation or government fails to pay a bond which has reached maturity.
Default (finance) - Wikipedia
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