3 years ago

If a borrower defaults on a bond, it means that the borrower

1 answer:

6 0

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. ... Default risks are often calculated well in advance by creditors.

Explanation:

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