单词 | 连带违约条款 |
释义 | 连带违约条款 Cross Default Clauses 商业银行的一种贷款条款,列明借款人一旦无法履行与银行的任何其他贷款合约,将被视同对本次借款的违约。 "Cross default clauses are triggered automatically when a lender declares that a loan is in default. Such clauses might mean that other loans and borrowing instruments made to the borrower by the lender, and by other lenders, are also in default." |
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