HomeDefinitionsCompareDebt Cross defaultThe financial definition for Cross default:A provision under which default on one debt obligation triggers default on another debt obligation. Similar MatchesDefaultDefaultFailure to make timely payment of interest or principal on a debt security or to otherwise comply with the provisions of a bond indenture. Default premiumDefault premiumA differential in promised yield that compensates the investor for the risk inherent in purchasing a corporate bond that entails some risk of default. Events of defaultEvents of defaultContractually specified events that allow lenders to demand immediate repayment of a debt. Click to compare definitions of Cross default Click to view definitions beginning cr |