Default Interest

Default Interest
Default Interest definition :
A higher interest rate payable after default.
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Default interest
A higher interest rate payable after default.
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Default interest:
The interest rate charged on an overdue debt, from the date of Default to the date of (eventual) settlement.
Français: Intérêt de défaut
Español: Intereses por mora ...

to having a surprise credit line reduction, which is why you really need to learn credit card maintenance in the crisis. A reduced limit can mean reduced spending power for you, the possible risk of over-limit fees and a switch to a default interest ...

See also: Direct investment, Banks, Drawdown, Foreign investment, Expense