What is the meaning of Default interest?

Default interest is a higher interest rate payable after default.

Barry Goldsmith
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APABarry Goldsmith. (2010). default interest. Retrieved September 22, 2026, from http://smartdefine.org/default_interest/definitions/1151674
ChicagoBarry Goldsmith. 2010. "default interest" http://smartdefine.org/default_interest/definitions/1151674 (accessed September 22, 2026).
HarvardBarry Goldsmith 2010, default interest, Smart Define, viewed 22 September, 2026, <http://smartdefine.org/default_interest/definitions/1151674>.
MLABarry Goldsmith. "default interest" 21 October 2010. Web. 22 September 2026. <http://smartdefine.org/default_interest/definitions/1151674>