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Definitions from the Web

Credit-Default

Definition: Credit default refers to the failure of a borrower to meet their debt obligations. It occurs when a borrower defaults on their loan or fails to make the required payments.

Part of Speech: Noun

Sense 1: The event or case of a borrower's failure to repay their borrowed money or the interest on it.

Sample Sentence: The credit-default of the individual led to severe financial consequences for both the borrower and the lender.

Part of Speech: Adjective

Sense 1: Relating to or indicating a high likelihood of defaulting on debt obligations.

Sample Sentence: The credit-default risk associated with subprime mortgages was a key factor in the 2008 financial crisis.

Part of Speech: Verb

Sense 1: To declare or assess a borrower as being at risk of defaulting on their debt obligations.

Sample Sentence: The lending institution credit-defaulted the borrower after multiple missed payments.

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