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Real Estate Glossary

Cross-defaulting

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Written by Luis Escobar

This is a clause in a loan agreement or bond that puts a borrower in default if they default on another responsibility. Cross-default provisions protect the interest of the lenders and encourage repayment.

This is a clause in a loan agreement or bond that puts a borrower in default if they default on another responsibility. Cross-default provisions protect the interest of the lenders and encourage repayment.

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Luis Escobar

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