Originally Posted by AustinChief
I like to laugh at facts too!
A default IS when we don't pay interest or maturity on T bills. You can think it is something else but that doesn't change what the term means in this context.
Oh so when I charge 10 dollars on my Visa, and decide not to pay it, I'm only defaulting on the interest accrued. I get it so the other 10 dollars I also owe goes to the magic fairy and everyone forgets about it. Cool!!!