Event Of Default

Dictionary Says

Definition of 'Event Of Default'

An action or circumstance that causes a lender to demand full repayment of an outstanding balance sooner than it was originally due. In many agreements, the lender will include a contract provision covering events of default to protect itself in case it appears that the borrower will not be able to or does not intend to continue repaying the loan in the future. An event of default enables the lender to seize any collateral that has been pledged and sell it to recoup the loan.
Investopedia Says

Investopedia explains 'Event Of Default'

Occurrences that may trigger an event of default include non-repayment of a loan at maturity, breach of contract and declaration of bankruptcy. Event of default clauses can be included not only in loan and lease agreements, but also in business agreements such as joint ventures and partnerships. Such a clause can allow the non-defaulting parties to exit a broken agreement.

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'Event Of Default'

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    ... Credit Default Swaps To understand the credit event auction default process, it
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    ... fully guaranteed by the Canadian government, ensuring that Canadian taxpayers, and
    not MBS investors, will ultimately foot the bill in the event of default. ...
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    ... of interest (also called the coupon), a description of property secured as collateral
    against default, and steps that shall be taken in the event of default. ...
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    ... for your mortgage loan, you will receive a fixed or floating interest rate, and
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  • Advanced Estate Planning: Introduction | Investopedia

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    ... the questions that effective estate planning will uncover and make you think about
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    ... premium. In the event of a default or debt crisis, the money manager would
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