Event of Default
Back to Finance Glossary | Previous PageAn event of default is described in a section of most loan agreements. This section lists what actions or omissions by a borrower would represent a violation of the terms of the agreement and what action the lender is legally authorized to take in response.
Simply put, an event of default is a violation of the terms of a loan agreement. A common events of default might be failing to make a loan payment or misrepresenting one's income level in a loan application.
Latest Articles Related to Event of Default
Back to Finance Glossary | Previous Page
This web site is intended only to convey information. It is not to be construed as an investment guide or as an offer or solicitation of an offer to buy or sell any securities. The author has taken all usual and reasonable precautions to determine that the information contained in this website has been obtained from sources believed to be reliable.