82,510
edits
Cross default: Difference between revisions
→History
Amwelladmin (talk | contribs) |
Amwelladmin (talk | contribs) |
||
| Line 13: | Line 13: | ||
==History== | ==History== | ||
===[[Cross default]] in the [[loan]] market=== | |||
[[Cross default]] developed in the loan market. If a [[lender]] advanced a large sum to a [[borrower]] with only periodic interest or principal repayments, there would be long periods — months; quarters; even ''years'' — where the borrower was not scheduled to make any payments to the lender at all. | [[Cross default]] developed in the loan market. If a [[lender]] advanced a large sum to a [[borrower]] with only periodic interest or principal repayments, there would be long periods — months; quarters; even ''years'' — where the borrower was not scheduled to make any payments to the lender at all. | ||