Event of default

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Sometimes known as an enforcement event, an event of default is an action a counterparty takes which justifies the innocent party from terminating the contract, closing out open transactions, and raining down fiery hell on the wronger and its affiliates, directors, officers, employees, agents and delegates.

Under the master trading agreements

There is specific idiosyncratic lore attaching to the events of default under differing market standard master agreements, so go with alacrity to:

Not to be, although easily, confused with:

See also