连带违约条款的中文解释
商业银行的一种贷款条款,列明借款人一旦无法履行与银行的任何其他贷款合约,将被视同对本次借款的违约。
Cross Default Clauses的英文解释
Cross default clauses are triggered
automatically when a lender declares that a loan is in default. Such clauses might mean that other loans and borrowing instruments made to the borrower by the lender, and by other lenders, are also in default.