Failure to pay

The Jolly Contrarian’s Glossary The snippy guide to financial services lingo.™ Go Premium Index — Click the ᐅ to expand: Glossary Comments? Questions? Suggestions? Requests? Insults? We’d love to 📧 hear from you. Sign up for our newsletter.

The classic event of default in a financial contract. There is no more profound indication that you may be unable to honour your obligations that the fact you have actually not done so.

See also

• credit mitigation
• Failure to pay - ISDA provision
• event of default