default of obligation

基本解释

At present the major problems in Henan governmental management system are the overuse of authority and default in obligation and jural construction in economic management.
現堦段河南省政府琯理躰制中存在的問題主要是政府在經濟琯理中職能越位、缺位和法制建設仍不夠健全。
Obligation Default means Obligations in excess of the Default Requirement become capable of being declared due and payable as a result of an event of default or similar event.
債務違約是指債務高於能夠被宣佈到期應付違約事件或類似的事件默認的需求。
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The alternative, Obligation Acceleration, requires that Obligations in excess of the Default Requirement are declared due and payable as a result of an event of default or similar event.
另一種，債務加速，需要超過了被宣佈到期應付違約事件或類似的事件的預設要求的債務。
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The measure, as you know, that Senator McConnell has proposed would essentially turn authority for raising the debt ceiling -- for being the responsible party and not allowing the United States to default on its obligation -- over to the United States -- the President of the United States rather than the United States Congress, which has traditionally held that responsibility.
WHITEHOUSE: Press Briefing