Overview

cross-default


Show Summary Details

Quick Reference

A legal provision normally included in most borrowings where a default on one debt obligation by a borrower automatically triggers a default or acceleration clause in another (cf. covenants). Subordinated debt is normally excepted from the provision.

[...]

Subjects: Accounting — Economics.


Reference entries

Users without a subscription are not able to see the full content. Please, subscribe or login to access all content.