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Latent default
Latent defaultA potential default that may have always been present but unidentified. RELATED TERMS-------------------------------------- Default 1) The failure to make timely payment of interest or principal on a debt security or to otherwise comply with the provisions of a bond indenture. 2) In context of project financing, a technical default signals a project parameter is outside defined or agreed limits or a legal matter is not yet resolved. SIMILAR TERMS-------------------------------------- Late charge A charge imposed by a lender to a borrower when the borrower fails to make payment on the due date. Late day trading An unethical practice of a hedge fund purchasing and then selling securities after the close of a trading day, but making the transactions appear as though they occurred before the market close. Late reported trade A term used by the London Stock Exchange to denote that a trade was not reported in accordance with the Exchange's rules on trade reporting. Late tape A delay in the display of price changes on the tape of an exchange because of heavy trading. Late trading Late trading of mutual fund shares occurs when investors placing trades after 4 PM receive the 4 PM price. PREVIOUS AND NEXT TERMS-------------------------------------- Late charge A charge imposed by a lender to a borrower when the borrower fails to make payment on the due date. Late day trading An unethical practice of a hedge fund purchasing and then selling securities after the close of a trading day, but making the transactions appear as though they occurred before the market close. Late reported trade A term used by the London Stock Exchange to denote that a trade was not reported in accordance with the Exchange's rules on trade reporting. Late tape A delay in the display of price changes on the tape of an exchange because of heavy trading. Late trading Late trading of mutual fund shares occurs when investors placing trades after 4 PM receive the 4 PM price. Latent default Launded money Deposit of funds that is sent through numerous accounts, one after another, in an attempt to conceal the original source of the money. Launder To process illegally-obtained money through more than one bank, in order to conceal its origin. Laundered money Deposit of funds that is sent through numerous accounts, one after another, in an attempt to conceal the original source of the money. Laundering The manipulation of money obtained in a wrongful manner, for example theft, so as to seem to have originated from a lawful source. Law The body of rules which is designed to ensure that the inhabitants of a Jurisdiction will live in harmony. We thank you for using the Financial Dictionary to search for Latent default. If you have a better definition for Latent default than the one presented here, please let us know by making use of the suggest a term option. This definition of Latent default may be disputed by other professionals. Our attempt is to provide easy definitions on Latent default and any other medical topic for the public at large.
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