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Tags: finance
Categories: Economics & Finance
The rate of borrowers who fail to remain current on their loans. It is a critical piece of information used by lenders to determine their risk exposure and economists to evaluate the health of the overall economy.
(source: http://www.investopedia.com/terms/d/defaultrate.asp#ixzz2MnfIaja3)
Synonyms:
delinquency rate
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