debt default
[/dɛt dɪˈfɔlt/]
nounpl: debt defaults
inadimplência de dívida
1. the failure to pay back a loan or financial obligation when it is due
The company faced severe consequences after its debt default on the corporate bonds.
A empresa enfrentou consequências graves após sua inadimplência de dívida nos títulos corporativos.
2. a legal situation where a borrower fails to meet the terms of a loan agreement
The country's debt default triggered an economic crisis.
A inadimplência de dívida do país desencadeou uma crise econômica.
3. the state of being in breach of a debt agreement or credit obligation
Investors lost confidence after the debt default was announced.
Os investidores perderam confiança após o anúncio da inadimplência de dívida.
In Brazil, debt default (inadimplência) is a serious financial and legal matter that can significantly impact credit ratings and economic stability. The informal term 'calote' reflects the casual attitude some Brazilians take toward debt avoidance, though defaulting carries severe legal and financial consequences. In the USA, debt default has become particularly significant since the 2008 financial crisis, with mortgage defaults being a major economic concern. Both countries have legal frameworks to address defaults through bankruptcy courts and creditor protection laws.
NYC Slang
stiffing someone / welching on a debt
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