Default de la deuda

"Default de la deuda" refers to the situation where a borrower fails to meet their legal obligation to pay back a loan or meet the agreed-upon debt terms, such as missing payments or not paying at all. This can occur with countries, companies, or individuals. Defaulting can lead to penalties, increased interest rates, loss of assets, or legal action. For countries, default often means they cannot or choose not to pay their debt, which can impact their creditworthiness and financial stability. Essentially, it’s a failure to fulfill the commitments made in borrowing money.