Definitions from Wikipedia (Universal default)

▸ noun:  a now-banned practice in the United States financial services industry whereby a creditor would change the terms of a loan from the normal terms to the default terms (i.e. the terms and rates given to those who have missed payments on a loan) when that lender is informed that their customer has defaulted with another unrelated lender, even though the customer has not defaulted with the first lender.


▸ Words similar to universal default
▸ Usage examples for universal default

▸ Idioms related to universal default
▸ Wikipedia articles (New!)
▸ Words that often appear near universal default
▸ Rhymes of universal default

▸ Invented words related to universal default