The failure to pay interest or repay capital on a debt when it becomes due. This may be because a company, individual or government is unable or unwilling to meet their debt obligations. A default can lead to the loss of collateral securing the loan or legal action to recover the amount due. A default will also recorded on the credit history of individuals and companies and will lead to higher borrowing costs in the future.
This definition is for general information purposes only
Inflation is a pressing issue for all U.S. citizens, but retirees are more likely to bear the brunt. If Joe Biden's tax hike proposal is greenlit, the financial struggle for citizens, particularly retirees, could intensify. Here's a breakdown of how Biden's proposed tax hikes could impact your savings. Don't Miss: 82% of Americans aren’t using this government secured 5% passive income stream, are you one of them? Can you guess how many retire with a $5,000,000 nest egg? – How does it compare to
Waiting until 70 is often touted as a great choice, but it does come with downsides.
Eli Lilly stock inched ahead Monday as a panel of advisors to the FDA gathered to discuss its experimental Alzheimer's treatment, donanemab.
There is at least one big reason why this stock is trading at a cheap valuation, but the discount is overdone.
Berkshire Hathaway has bought more than $78 billion worth of this stock in less than six years.
Nvidia stock began trading Monday after its 10-for-1 stock split and received price-target hikes from three Wall Street analysts.
Three supercharged stocks, which all recently announced and/or completed stock splits, may have additional room to run.
There's a growing gap between America's interest rates and the rest of the world. That's going to cause some problems.
The Palantir CEO is never shy about speaking his mind.
Although most recipients will be free from state taxes on Social Security, it's essential to know the federal rules that apply to everyone.
