Cross Defaulting

Business, Legal & Accounting Glossary

Definition: Cross Defaulting


Cross Defaulting


Full Definition of Cross Defaulting


A provision that allows a trustee or lender to require full payment on all loans in a group, if any single loan in the group is in default.


Cite Term


To help you cite our definitions in your bibliography, here is the proper citation layout for the three major formatting styles, with all of the relevant information filled in.

Page URL
https://payrollheaven.com/define/cross-defaulting/
Modern Language Association (MLA):
Cross Defaulting. PayrollHeaven.com. Payroll & Accounting Heaven Ltd.
March 28, 2024 https://payrollheaven.com/define/cross-defaulting/.
Chicago Manual of Style (CMS):
Cross Defaulting. PayrollHeaven.com. Payroll & Accounting Heaven Ltd.
https://payrollheaven.com/define/cross-defaulting/ (accessed: March 28, 2024).
American Psychological Association (APA):
Cross Defaulting. PayrollHeaven.com. Retrieved March 28, 2024
, from PayrollHeaven.com website: https://payrollheaven.com/define/cross-defaulting/

Definition Sources


Definitions for Cross Defaulting are sourced/syndicated and enhanced from:

  • A Dictionary of Economics (Oxford Quick Reference)
  • Oxford Dictionary Of Accounting
  • Oxford Dictionary Of Business & Management

This glossary post was last updated: 20th November, 2021 | 0 Views.