Debt security for which contractually agreed interest is not (or no longer) paid. – See probability of default, debt-equity swap, default, calibration, credit, defaulted, air securities, paper, toxic, reintermediation, debt, defaulted, sovereign debt, denied, discriminatory power, validation, securities, riskless.

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University Professor Dr. Gerhard Merk, Dipl.rer.pol., Dipl.rer.oec.
Professor Dr. Eckehard Krah, Dipl.rer.pol.
E-mail address: info@ekrah.com
https://de.wikipedia.org/wiki/Gerhard_Ernst_Merk
https://www.jung-stilling-gesellschaft.de/merk/
https://www.gerhardmerk.de/

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