Browse:  #  A  B  C  D  E  F  G  H  I  J  K  L  M  N  O  P  Q  R  S  T  U  V  W  X  Y  Z 

Default Rate

Default Rate Definition

Default Rate means the interest rate the creditor charges when the borrower defaults on the loan.

The borrower has to pay additional interest on the outstanding arrears balance as well as the regular interest. Default rate is often used by credit card companies, but also refers to the rate at which corporations default on their loans.

RELATED TERMS
Creditor
Interest rate







Browse:  #  A  B  C  D  E  F  G  H  I  J  K  L  M  N  O  P  Q  R  S  T  U  V  W  X  Y  Z