I think though the term is warranted. It is despicable to enter an agreement to lease a car from a lender and then not make payments.
https://youtu.be/4U2eDJnwz_s
Or how the National Association of Mortgage Financers or whatever it's called defaulted in their mortgage.
Or how companies declare bankruptcy.
Default is a part of finance. Good faith bankruptcy is not ethically challenged. Both parties to a contract are responsible for counterparty risk.
https://youtu.be/4U2eDJnwz_s
Or how the National Association of Mortgage Financers or whatever it's called defaulted in their mortgage.
Or how companies declare bankruptcy.
Default is a part of finance. Good faith bankruptcy is not ethically challenged. Both parties to a contract are responsible for counterparty risk.