failure to meet obligations
- failure to meet obligations
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Black's law dictionary.
HENRY CAMPBELL BLACK, M. A..
1990.
Look at other dictionaries:
failure to meet obligations — Inability or failure to pay debts as due. For example, bank s failure to pay depositors on demand constitutes failure to meet obligations in most cases. Where bank closed its doors and ceased to transact business or make transfers of capital… … Black's law dictionary
failure to meet one's obligations — index default Burton s Legal Thesaurus. William C. Burton. 2006 … Law dictionary
failure — fail·ure n 1: omission of occurrence or performance; specif: a failing to perform a duty or expected action a failure to mitigate damages failure to prosecute 2: a lack of success or adequacy failure of a suit 3: a failing in business … Law dictionary
obligations — [plural] ► things that you must do or pay because of a law, rule, agreement, etc.: impose/place obligations on sb »The law imposes certain obligations on public authorities. fulfil/meet your obligations »He has fulfilled the obligations of his… … Financial and business terms
failure — Inability to meet obligations as they become due; insolvency. Boyce & Henry v Ewart, 14 SC Eq (Rice) 126, 140. See failing circumstances … Ballentine's law dictionary
Failure To Deliver — An outcome in a transaction where one of the counterparties in the transaction fails to meet their respective obligations. When failure to deliver occurs, either the party with the long position does not have enough money to pay for the… … Investment dictionary
inability to meet financial obligations — index failure (bankruptcy) Burton s Legal Thesaurus. William C. Burton. 2006 … Law dictionary
Bank Failure — The closing of an insolvent bank by a federal or state regulator. The comptroller of the currency has the power to close national banks; banking commissioners in the respective states close state chartered banks. Banks close when they are unable… … Investment dictionary
bank failure — noun the inability of a bank to meet its credit obligations • Hypernyms: ↑failure … Useful english dictionary
business failure — business unable to meet its debt obligations … English contemporary dictionary
