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Define default economics.​
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44 votes
44 votes
Define default economics.​

User Tariq Saeed
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2 Answers

20 votes
20 votes

Answer:

the failure to repay a debt

Step-by-step explanation:

the failure to repay a debt

User MundoPeter
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3.3k points
24 votes
24 votes

Answer:

Default is the failure to repay a debt, including interest or principal, on a loan or security. A default can occur when a borrower is unable to make timely payments, misses payments, or avoids or stops making payments.

Step-by-step explanation:

User Dharmesh Porwal
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