Cross Default
A provisions in a bond indenture or loan agreement that puts the borrower in default if the borrower defaults on another obligation.
Also known as "cross acceleration".
|||This provides more security to the lender. You can think of this as an "out-clause" to the contract.
附件列表
词条内容仅供参考,如果您需要解决具体问题
(尤其在法律、医学等领域),建议您咨询相关领域专业人士。
如果您认为本词条还有待完善,请 编辑
上一篇 Cross Calling 下一篇 Crossover Refunded