An occurrence when major financial institutions default on their own loans, credit or obligations. An instance such as this can cause major issues within the entire financial industry and occurs often when consumer spending is based primarily on debt.

Previous Terms: 1031 Exchange, 1035 Exchange, AARP, Abeyance, Abstraction Principle, Accelerated Amortization, Acceptance Credit, Acceptance of a Bill of Exchange, Accommodation Bill, Accommodation Endorser