📝 One-liners · 298 cards
Abm New
Direct Loan Default — Meaning / Example?
Meaning: Principal/interest not repaid on time.; Example: Ravi takes a ₹1 lakh loan but does not repay.
Guarantees / LC Default — Meaning / Example?
Meaning: Guarantor fails to honour the obligation when the principal defaults.; Example: Sita guarantees her friend's loan; her friend defaults, and Sita too refuses to pay.
Treasury Default — Meaning / Example?
Meaning: Contractual treasury payments are not made.; Example: A corporate agrees to buy USD forward but fails to pay on the value date.
Securities Trading Default — Meaning / Example?
Meaning: Settlement of funds / securities is not done.; Example: Rahul sells shares but does not deliver them to the buyer on T+1.
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