What does strategic default mean?
Definitions for strategic default
strate·gic default
This dictionary definitions page includes all the possible meanings, example usage and translations of the word strategic default.
Wikipedia
Strategic default
A strategic default is the decision by a borrower to stop making payments (i.e., to default) on a debt, despite having the financial ability to make the payments. This is particularly associated with residential and commercial mortgages, in which case it usually occurs after a substantial drop in the house's price such that the debt owed is (considerably) greater than the value of the property — the property has negative equity or is underwater — and is expected to remain so for the foreseeable future, such as following the bursting of a real estate bubble. Such borrowers are called walkaways. The process of strategically defaulting on a home mortgage has been colloquially called "jingle mail" — metaphorically, one mails the keys to the bank.
Numerology
Chaldean Numerology
The numerical value of strategic default in Chaldean Numerology is: 3
Pythagorean Numerology
The numerical value of strategic default in Pythagorean Numerology is: 9
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"strategic default." Definitions.net. STANDS4 LLC, 2024. Web. 27 Apr. 2024. <https://www.definitions.net/definition/strategic+default>.
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