Double default
id:
double-default-286-10054445
title:
Double default
text:
Double default occurs in banking, when the obligor and the guarantor fail to meet their obligations. A debt default known as a "double default" occurs when both the borrower and the guarantor or supplier of credit insurance for the same receivable are at fault. Double default is a financial term that refers to the default of both a bond issuer and the company that has provided a credit enhancement for the bond. A bond issuer is the entity that issues a bond, which is a type of debt security. A b
brand slug:
wiki
category slug:
encyclopedia
description:
Concept in banking
original url:
https://en.wikipedia.org/wiki/Double_default
date created:
date modified:
2024-03-11T09:07:18Z
main entity:
{"identifier":"Q5300006","url":"https://www.wikidata.org/entity/Q5300006"}
image:
fields total:
13
integrity:
14