HomeDefinitionsCompareDebt DefaultThe financial definition for 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. Similar MatchesCross defaultCross defaultA provision under which default on one debt obligation triggers default on another debt obligation. 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 Default Click to view definitions beginning de |