Open Ontologies

ONTOLOGY EXPLORER

default event

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<https://spec.edmcouncil.org/fibo/ontology/FBC/DebtAndEquities/CreditEvents/DefaultEvent>

プロパティと値

プロパティ値
typeClass
label"default event"@en
subClassOfObligationSpecificCreditEvent
subClassOf_:c14n335
definition"credit event representing a failure to meet a contractual obligation, such as failure to repay a debt including interest or principal on a loan or security"@en
explanatoryNote"A default can occur when a borrower is unable to make timely payments, misses payments, or avoids or stops making payments, typically with respect to a single transaction. A default has adverse effects on the borrower's credit and ability to borrow in the future, and allows the creditor to demand immediate repayment of the obligation in full."@en

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