1 | The firm has defaulted on a debt. | |
2 | When they defaulted in their payments,the bank foreclosed on the car. | |
3 | Sovereigns typically do not so default would probably be declared the day the Treasury missed a payment. | |
4 | The real danger is that prices could fall substantially further if there are widespread defaults and foreclosures. | |
5 | If Dubai defaults on its debts it would be the largest sovereign default since Argentina in 2001. |