Cross default (finance) and calotte (iou)

Cross default (finance)

A provision under which default on one Debt obligation triggers default on another Debt obligation.

calotte (iou)

calotte noun. M17.
[French, perh. rel. to cale CAUL noun1.]
A skullcap, esp. as worn by Roman Catholic priests. M17.
A snowcap, an ice-cap. L19.

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