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A comment on Three Arrows Capital has defaulted on a loan worth more than $670M. Parent comment

Re:Three Arrows Capital has defaulted on a loan worth more t... by happyopossum on Monday June 27, 2022 @01:21PM (#31897707)
> Default means that you are or have been technically deemed incapable of making any further payments

Nope, that's not correct. Loan default occurs when a borrower fails to pay back a debt according to the initial arrangement - it most assuredly does not mean that no further payments will ever come (or be extracted via judgement).

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Re:Three Arrows Capital has defaulted on a loan worth more t... by jsemrau on Monday June 27, 2022 @05:27PM (#31901046)
To expand a bit more. At least in the SOPs that I wrote, is a loan declared default if a repayment of (interest and/or principal) has not been received after a certain cutoff (30+, 60+, 90+) or the company has been declared bankrupt, dead, or similar (hard trigger events) For the latter, this is why petitions like these matter: https://www.reuters.com/business/china-evergrande-faces-wind...
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