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A strategic default is the decision by a borrower to stop making payments (i.e., to default) on a debt, despite having the financial ability to make the payments.. This is particularly associated with residential and commercial mortgages, in which case it usually occurs after a substantial drop in the house's price such that the debt owed is (considerably) greater than the value of the ...
When a debtor chooses to default on a loan, despite being able to service it (make payments), this is said to be a strategic default. This is most commonly done for nonrecourse loans , where the creditor cannot make other claims on the debtor; a common example is a situation of negative equity on a mortgage loan in common law jurisdictions such ...
CRULP (Center for research for Urdu language processing) has been working on phonetic keyboard designs for URDU and other local languages of Pakistan. Their Urdu Phonetic Keyboard Layout v1.1 for Windows is widely used and considered as a standard for typing Urdu on Microsoft platform.
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Government documents and transactions use "DD/MM/YYYY" format when writing in English, Urdu or in Pakistan's regional languages; examples of this can be found on the Pakistani passport application form, the National Identity Card or the Pakistan Origin Card. [1]
The Urdu Dictionary Board (Urdu: اردو لغت بورڈ, romanized: Urdu Lughat Board) is an academic and literary institution of Pakistan, administered by National History and Literary Heritage Division of the Ministry of Information & Broadcasting. Its objective is to edit and publish a comprehensive dictionary of the Urdu language.
If the individual citizen or corporate citizen is a creditor of the state (e.g. government bonds), then a default by the state can mean a devaluation of their monetary wealth. In addition, the following scenarios can occur in a debtor state from a sovereign default: a banking crisis, as banks have to make write downs on credits given to the state.
The Urdu alphabet (Urdu: اُردُو حُرُوفِ تَہَجِّی, romanized: urdū ḥurūf-i tahajjī) is the right-to-left alphabet used for writing Urdu. It is a modification of the Persian alphabet, which itself is derived from the Arabic script. It has co-official status in the republics of Pakistan, India and South Africa.