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Zahlungsausfall ... begebenen oder garantierten Anleihe

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Terminological databases

EKI terminibaas Esterm

ID 707112 Last modified 30.12.2004
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Domain EU financing - EU budgetstock exchange & capital marketbanking systems & trust companies
  • default - failure to do something that is required by law, esp. failure to comply with the rules of legal procedure
default under a loan contracted or guaranteed
Usage examples
  • In the sole case of default under a loan contracted or guaranteed pursuant to Council regulations and decisions, in circumstances in which the Commission cannot activate other measures provided for by the financial arrangements applying to these loans in time to ensure compliance with the Community's legal obligations to the lenders, paragraphs 2 and 4 may provisionally by applied, irrespective of the conditions in paragraph 2, in order to service the Community's debts.

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