A provisions in a bond indenture or loan agreement that puts the borrower in default if the borrower defaults on another obligation.

债券或贷款协议条款，规定若借方对另一项债务责任违约即会被视为对协议中的债务责任违约。

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Real Estate serves as security for a Mortgage loan. In the event of Default on the loan the lender may sell the property to satisfy the debt.

房地产可以作为抵押贷款的抵押品。在贷款无法按时归还时，债权人可将此财产变卖以所得来抵偿债务。

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The Merchant of Venice is a play by William Shakespeare in which a merchant in 16th century Venice must default on a large loan provided by an abused Jewish moneylender.

此剧是莎翁写的一出基于16世纪的威尼斯商人必须偿还由犹太人借出钱财的大量利息。

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One company, Pasadena-based Paula Financial, is in technical default on a bank loan.

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Paired with that would be a prohibition on a mortgage lender from declaring a loan in default if an installment plan has been obtained.

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With that promise in hand, the bank would make the purchase and immediately sell it onto the buyer at a mark-up, agreeing the buyer could pay, say, three months after goods are delivered--in effect, trade finance at a fixed rate with legal protection against default on the one side and loan sharking on the other.

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