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What does “default” refer to? the ability to be used as, or directly converted to, cash the failure to pay back a loan the amount of money borrowed the price paid for the use of borrowed money
Default refers to the failure to pay back a loan.
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Expert answered|Andrew.|Points 61916|
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Asked 3/28/2016 8:01:25 AM
Updated 3/28/2016 8:36:02 AM
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Questions asked by the same visitor
What does “default” refer to?
Question
Updated 5/11/2019 7:33:41 AM
1 Answer/Comment
Default is the failure to repay a debt on a loan or security.
Added 5/11/2019 7:33:41 AM
This answer has been confirmed as correct and helpful.
Confirmed by yumdrea [5/11/2019 10:36:51 AM]
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