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Glossary   >   C   >   "Cross default" Definition            Cross default A provision under which default on one debt obligation triggers default on another debt obligation. Glossary    Dictionary Search (powered by Google) WWW ITLOCUS.COM GLOSSARY.ITLOCUS.COM Translate a web page (powered by Google)      to German Spanish French Italian Portuguese Japanese Korean Chinese

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Cross default - A provision under which default on one debt obligation triggers default on another debt obligation.