Answering Exams

Failure to make timely payment of interest or principal on a debt security or to otherwise comply with the provisions of a bound indenture is called ?

Failure to make timely payment of interest or principal on a debt security or to otherwise comply with the provisions of a bound indenture is called ?

A. Rolling debt
B. Bad debt
C. Rescheduling
D. Default (Correct)

 

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