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In finance, default is failure to meet the legal obligations (or conditions) of a loan, for example when a home buyer fails to make a mortgage payment, or when a corporation or government fails to pay a bond which has reached maturity. A national or sovereign default is the failure or refusal of a government to repay its national debt. The biggest private default in history is Lehman Brothers with over $600 billion when it filed for bankruptcy in 2008 and the biggest sovereign default is Greece with $138 billion, in March 2012.〔(Greece could be biggest national default in history ), June 29, 2015, Patrick Gillespie, ''CNN Money''〕 ==Distinction from insolvency and bankruptcy== The term default should be distinguished from the terms insolvency and bankruptcy. * "Default" essentially means a debtor has not paid a debt which he or she is required to have paid. * "Insolvency" is a legal term meaning that a debtor is unable to pay his or her debts. * "Bankruptcy" is a legal finding that imposes court supervision over the financial affairs of those who are insolvent or in default. 抄文引用元・出典: フリー百科事典『 ウィキペディア（Wikipedia）』 ■ウィキペディアで「Default (finance)」の詳細全文を読む スポンサード リンク
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