event of default — Certain specified events specified in loan and other documentation which might jeopardise a lender s or investor s position. If they occur the lender or investor is allowed to withdraw and claim earlier repayment of indebtedness. Easyform… … Law dictionary
Event Of Default — An action or circumstance that causes a lender to demand full repayment of an outstanding balance sooner than it was originally due. In many agreements, the lender will include a contract provision covering events of default to protect itself in… … Investment dictionary
event of default — An event described in a promissory note, security agreement, or loan agreement that triggers rights of the lender to take remedies set forth in the documents. The most common event of default is the debtor s failure to make required interest… … Financial and business terms
event of default — A critical clause in a loan agreement, the breaching of which will make the loan repayable immediately. The breaching of any covenant clause will be an event of default. Events of default also include failure to pay, failure to perform other… … Accounting dictionary
event of default — In a loan agreement, a specified occurrence that will make the loan repayable immediately. The breaching of any covenant clause will be an event of default. Events of default also include failure to pay, failure to perform other duties and… … Big dictionary of business and management
default — de·fault /di fȯlt, dē ˌfȯlt/ n [Anglo French defalte defaute lack, fault, failure to answer a summons, from defaillir to be lacking, fail, from de , intensive prefix + faillir to fail] 1: failure to do something required by duty (as under a… … Law dictionary
default — to fail to meet an obligation when due, such as paying a debt. Glossary of Business Terms Failure to meet a margin call or to make or take delivery. The failure to perform on a futures contract as required by exchange rules. The CENTER ONLINE… … Financial and business terms
Default — Failure to make timely payment of interest or principal on a debt security or to otherwise comply with the provisions of a bond indenture. The New York Times Financial Glossary * * * ▪ I. default de‧fault 1 [dɪˈfɒlt ǁ ˈfɒːlt] noun 1. by default… … Financial and business terms
default — de|fault1 [dıˈfo:lt US ˈfo:lt] n [Date: 1200 1300; : Old French; Origin: defaute, from Vulgar Latin defallere to be lacking, fail ] 1.) by default a) if you win a game, competition etc by default, you win it because your opponent did not play or… … Dictionary of contemporary English
Event loop — In computer science, the event loop, message dispatcher, message loop, message pump, or run loop is a programming construct that waits for and dispatches events or messages in a program. It works by polling some internal or external event… … Wikipedia
