HomeDefinitionsCompareDebt Events of defaultThe financial definition for Events of default:Contractually specified events that allow lenders to demand immediate repayment of a debt. Similar MatchesCross defaultCross defaultA provision under which default on one debt obligation triggers default on another debt obligation. DefaultDefaultFailure 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. Click to compare definitions of Events of default Click to view definitions beginning ev |