Event Of Default

Business, Legal & Accounting Glossary

Definition: Event Of Default


Event Of Default


Full Definition of Event Of Default


An event that allows a lender to call in the entire amount of a loan from a borrower. An event of default might be a breach of contract or a pattern of late payments.


Cite Term


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Page URL
https://payrollheaven.com/define/event-of-default/
Modern Language Association (MLA):
Event Of Default. PayrollHeaven.com. Payroll & Accounting Heaven Ltd.
April 20, 2024 https://payrollheaven.com/define/event-of-default/.
Chicago Manual of Style (CMS):
Event Of Default. PayrollHeaven.com. Payroll & Accounting Heaven Ltd.
https://payrollheaven.com/define/event-of-default/ (accessed: April 20, 2024).
American Psychological Association (APA):
Event Of Default. PayrollHeaven.com. Retrieved April 20, 2024
, from PayrollHeaven.com website: https://payrollheaven.com/define/event-of-default/

Definition Sources


Definitions for Event Of Default 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.