Glossary entry

English term or phrase:

First to default fixed rate credit

German translation:

Erster, der seinen Zahlungsverpflichtungen nicht nachkommt

Added to glossary by Andy Lemminger
Mar 21, 2001 10:31
23 yrs ago
English term

First to default fixed rate credit

English to German Bus/Financial Investment / Securities
First to default fixed rate "SChuldschein" credit linked to a basket of reference entities

"first to default" is what I need here - thanks!

Proposed translations

1 hr
Selected

"Erster, der in Verzug ger�t" or "Erster, der seinen Zahlungsverpflichtungen nicht nachkommt"

Correct explanation of Frauke

Use the first term if he only paid too late, the second one if he hasn't paid at all
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1 KudoZ points awarded for this answer. Comment: "Thank you!"
54 mins

to default = to fail to meet an obligation esp. a financial one


hope this might help
Reference:

english dictionnary

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