Operational error

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.

A reason for failing to make a payment that casts aspersions on your organisation’s competence, but not its solvency. Often carved out, and in any case a source of endless fascination for legal eagles.

See also

• Cross default
• Cross acceleration
• Failure to pay