Any transaction in which consumers, merchants, employees, employers, tenants, or landlords engage will be governed by default
(41) Still, it is noteworthy that the well-educated participants ended up signing up, by default
, for a quite unappealing meal.
An important research question studied in the credit risk literature looks at the proportion of corporate yield spreads explained by default
risk (i.e., the part of the spread rewarding the investor for the actuarial expected default loss).
We require that E contain only formulae that can be derived from the axioms by default
Many taxpayers are not aware of the differences in the two methods and often select the recalculation method by default
. For example, assume Marion Davis, an IRA owner, is unmarried and has selected her estate as beneficiary.