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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 ...
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A sovereign default is the failure or refusal of the government of a sovereign state to pay back its debt in full when due. Cessation of due payments (or receivables) may either be accompanied by that government's formal declaration that it will not pay (or only partially pay) its debts (repudiation), or it may be unannounced.
The content translation tool assists users in translating existing Wikipedia articles from one language to another. Users select an article in any language, then select another language, and the interface provides machine translation which the human user can then use as inspiration to make readable text in another language.
from Hindi पश्मीना, Urdu پشمينه, ultimately from Persian پشمينه. Punch from Hindi and Urdu panch پانچ, meaning "five". The drink was originally made with five ingredients: alcohol, sugar, lemon, water, and tea or spices. [15] [16] The original drink was named paantsch. Pundit
Default (finance), failure to satisfy the terms of a loan obligation or failure to pay back a loan; Default judgment, a binding judgment in favor of either party based on some failure to take action by the other party; Default rule, a rule of law that can be overridden by a contract, trust, will, or other legally effective agreement
Encarta 2003 incorporated literature guides and book summaries, foreign language translation dictionaries, a Homework Center and Chart Maker. Encarta 's Visual Browser, available since the 2004 version, presented a user with a list of related topics making them more discoverable. A collection of 32 Discovery Channel videos were also later added.