sovereign default.

Meanings

• noun

  The inability of a sovereign state or government to meet its debt obligations, typically the failure to pay interest or principal on its sovereign bonds.

  - "Greece's sovereign default in 2010 led to a financial crisis in Europe."
  - "Argentina's sovereign default in 2001 caused widespread economic hardship."
  - "The sovereign default of Puerto Rico has raised concerns about its future financial stability."

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Variants

List of all variants of sovereign default. that leads to same result
sovereign , sovereigns , sovran , sovrans , sovereignly , half sovereign , half sovereigns

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Etymology

origin and the way in which meanings have changed throughout history.

The term 'sovereign default' comes from 'sovereign' meaning a state with supreme power and authority within its territory and 'default' meaning failure to fulfill an obligation.

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Trivia

Any details, considerations, events or pieces of information regarding the word

1. The largest sovereign default in history occurred in 1933 when Germany defaulted on its reparations payments following World War I.

2. A sovereign default does not necessarily mean that a country goes bankrupt, but it can indicate a significant financial crisis.

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Related Concepts

informations on related concepts or terms closely associated with the word. Discuss semantic fields or domains that the word belongs to

1. Debt crisis: A situation in which a country or organization is unable to meet its debt obligations, often leading to a sovereign default.

2. Bond market: A market where governments and corporations issue and trade debt securities, such as bonds, which can be impacted by sovereign defaults.

3. Credit rating: An assessment of a borrower's creditworthiness by a credit rating agency, which can influence the likelihood of a sovereign default.

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Culture

Any cultural, historical, or symbolic significance of the word. Explore how the word has been used in literature, art, music, or other forms of expression.

Sovereign default has significant cultural and historical significance, particularly in the context of global finance and economics. It can lead to widespread economic instability and has been the subject of numerous academic studies and policy debates.

How to Memorize "sovereign default."

1. visualize
   

   - Imagine a country unable to pay its debts, with financial institutions and investors uncertain about the future.

2. associate
   

   - Associate the term 'sovereign default' with the idea of a government failing to meet its financial obligations.

3. mnemonics
   

   - Remember the acronym S.O.V.E.R.I.N.G. to memorize the definition: Sovereign Obligations Violated, Economic Instability Resulting.

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