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-› Petersons Dictionary of Financial Aid Terms
-› DEFAULT
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DEFAULT
A failure to meet a financial obligation, especially a failure to make a payment on a loan. Defaults are recorded on permanent credit records and may result in prosecution and/or loss of future borrowing possibilities.
See also: ELIGIBLE NONCITIZEN , PRIME RATE , PROFESSIONAL JUDGMENT , LOAN DISCLOSURE STATEMENT , INSURANCE FEE |
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Petersons Dictionary of Financial Aid Terms INDEX:List of Terms: Terms beginning with "A", Page 1 |
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Page Number:
1 A: Page 1 of 1.
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