Default: Canada Debt .ca defines Default

Bankruptcy Term Default

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Canada Debt has the definition to the bankruptcy and debt term Default. Finding answers to terms such as Default can be difficult, especially if there is more than one definition which is why we have created a page dedicated to financial terms dealing exclusively with debt. Default in financial terms means...

In debt and bankruptcy terms, the phrase / term 'Default' is used as follows:

Failure to pay or otherwise perform obligations under a contract.