Meaning CROSS-DEFAULT: A provision under which default on one debt obligation triggers default on another debt obligation
More terms such as Cross-default in Dictionary C.
- Definition Capitalization:
- Examples The debt and/or equity mix that funds a firm's assets cross-default definition.
- Definition Contingent Immunization:
- Examples which the money manager pursues an active bond portfolio strategy until an adverse investment experience drives the then-available potential return down to the safety net level. When that point is cross-default explain.
- Definition Capital International Indexes:
- Examples Market indexes maintained by Morgan Stanleythat track major stock markets worldwide cross-default what is.
- Definition Cram-Down Deal:
- Examples A merger in which stockholders are forced to accept undesirable terms, such as junk bonds instead of cash or equity, due to the absence of any better alternatives cross-default meaning.
- Definition COMEX:
- Examples A division of the New York Mercantile Exchange (NYMEX). Formerly known as the Commodity Exchange, COMEX is the leading U.S. market for metals futures and options trading cross-default abbreviation.
