What does default mean?

A borrowing company may breach the terms of its credit agreement resulting in a default. The most serious defaults include a failure to pay the interest and principal on its loan. This could be for a variety of reasons such as changes in the financial circumstances of the company. 

Investing in wiseAlpha Notes involves risks including potential illiquidity and loss of investment. Our Notes are not deposit based or capital protected and are not covered by the Financial Services Compensation Scheme.The interest rate on our products is not comparable to that of a bank savings account. See Risk Statement.

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