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javifuentes mena
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Default and Odious Debt – Do they have relation ?

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What is Default? Default occurs when a debtor has not met its legal obligations according to the debt contract, e.g. has not made a scheduled payment, or has violated a loan covenant (condition) of the debt contract. A default is the failure to pay back a loan. Default may occur if the debtor is either unwilling or unable to […]

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