What does bank default rate mean
A default rate is the percentage of loans issued by a financial institution that has However, just two missed payments mean your interest rate could skyrocket to The default rate can also be dollar-weighted, meaning that it measures the dollar value of defaults as a percentage of the overall market. The Implications of Bond 9 Dec 2019 Defaulting on a loan will cause a substantial and lasting drop in the debtor's credit score, as well as extremely high interest rates on any future