Dictionary of Legal Terms
Cross default
Definition
A clause in a financing agreement that states a default occurs if the debtor defaults on certain other agreements.
Categories
Perbankan & Keuangan
Examples
- Contoh: Perjanjian kredit sering memuat cross default untuk melindungi kepentingan kreditur.
Synonyms
No synonyms.
Sources
-
Rujukan umum: perbankan, pembiayaan, dan pasar modal
Related terms
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