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Default vs Nonprime - What's the difference?

default | nonprime |

In finance|lang=en terms the difference between default and nonprime

is that default is (finance) the condition of failing to meet an obligation while nonprime is (finance) providing credit to borrowers that are more likely to default due to a poor credit history or other problems.

As a noun default

is (finance) the condition of failing to meet an obligation.

As a verb default

is to fail to meet an obligation.

As an adjective nonprime is

(mathematics) not prime; composite.

default

English

(wikipedia default)

Noun

(en noun)
  • (finance) The condition of failing to meet an obligation.
    • He failed to make payments on time and is now in default .
    You may cure this default by paying the full amount within a week.
  • (electronics, computing) the original software programming settings as set by the factory
  • A loss incurred by failing to compete.
    • The team's three losses include one default .
  • A selection made in the absence of an alternative.
    • ''The man became the leader of the group as a default .
  • * {{quote-news
    • , year=2011 , date=December 15 , author=Felicity Cloake , title=How to cook the perfect nut roast , work=Guardian citation , page= , passage=One of the darlings of the early vegetarian movement (particularly in its even sadder form, the cutlet), it was on the menu at John Harvey Kellogg's Battle Creek Sanitarium [sic], and has since become the default Sunday option for vegetarians – and a default source of derision for everyone else.}}
  • (often, attributive) A value used when none has been given; a tentative value or standard that is presumed.
    • If you don't specify a number of items, the default is 1.
  • (legal) The failure of a defendant to appear and answer a summons and complaint.
  • (obsolete) A failing or failure; omission of that which ought to be done; neglect to do what duty or law requires.
    • This evil has happened through the governor's default .
  • (obsolete) Fault; offence; wrong act.
  • * Spenser
    • And pardon craved for his so rash default .
  • * Alexander Pope
    • regardless of our merit or default

    Related terms

    * by default

    Verb

    (en verb)
  • To fail to meet an obligation.
    • If you do not make your payments, you will default on your loan.
  • To lose a competition by failing to compete.
    • If you refuse to wear a proper uniform, you will not be allowed to compete and will default this match.
  • (computing) To assume a value when none was given; to presume a tentative value or standard.
    • If you don't specify a number of items, it defaults to 1.
  • (legal) To fail to appear and answer a summons and complaint.

    • Related terms

    * by default * default on * in default

    Anagrams

    * ----

    nonprime

    English

    Alternative forms

    non-prime

    Adjective

    (-)
  • (mathematics) Not prime; composite
  • (finance) Providing credit to borrowers that are more likely to default due to a poor credit history or other problems.
  • *{{quote-book, 2005, Frank J. Fabozzi, The Handbook of Fixed Income Securities citation
    • , passage=Nonprime , sometimes called "near-prime," obligors usually have good credit histories marked by a few default payments.}}

    Synonyms

    (providing credit) subprime