TERMIUM Plus®

The Government of Canada’s terminology and linguistic data bank.

DEFAULT CHARGES [1 record]

Filter results by subject field Alphabetical list of terms

Filter results by subject field

Alphabetical list of terms

Record 1 1994-07-06

English

Subject field(s)
  • Loans
DEF

A non-interest charge imposed on a borrower who defaults on an obligation under a loan agreement.

CONT

The default charges permitted for a loan agreement are a) charges in respect of legal costs incurred in collecting or attempting to collect a payment on a loan, b) charges in respect of costs, including legal costs, incurred in protecting or realizing a security interest and c) charges for dishonoured payments.

Key term(s)
  • default charge

French

Domaine(s)
  • Prêts et emprunts
DEF

Frais encourus par l'emprunteur en cas de défaut de paiement d'un emprunt.

Spanish

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© Public Services and Procurement Canada, 2024
TERMIUM Plus®, the Government of Canada's terminology and linguistic data bank
A product of the Translation Bureau

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