What does default mean in Finance?
In this video, you will learn about the term default. As in, your startup borrows money and you are defaulting on the loan. This is not a happy place to be.
00:00 Introduction
00:05 What does default mean in Finance?
00:22 Triggered by covenants
01:12 Covenants underwrite debt risk and set boundaries
01:33 Default means lenders can pursue remedies:
02:33 Conclusion
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Additional Resources
• Venture Debt Pre-Payment Penalty
• Fintech Equity & Debt Staircase
• What Is Negative pledge On IP?
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