Default crisis (违约危机 wéiyuē wēijī), or sovereign debt crisis (主权债务危机 zhǔquán zhàiwù wéijī), refers to the failure of a country’s government to fulfill its external debt repayment obligations in time.
- 违约 (wéiyuē) derives from
违 (wéi) as in violating (违反 wéifǎn) or seperating/ being apart (久违 jiǔwéi).
约 (yuē) as in appointment (预约 yùyuē), or contract (合约 héyuē).
- 危机 (wēijī) derives from
危 (wēi) as in dangerous (危险 wēixiǎn) or harm (危害 wēihài). 机 (jī) as in chance (机会 jīhuì), plane (飞机 fēijī) or lively (生机 shēngjī).
危机 (wēijī) as in economic crisis (经济危机 jīngjì wēijī) or sense of crisis (危机意识 wēijī yìshī).
- 主权 (zhǔquán) refers to the possession of supreme or ultimate power. 主权 (zhǔquán) as in a sovereign state (主权国家 zhǔquán guójiā).
- 债务 (zhàiwù) derives from
债 (zhài) as in paying back debt (还债 huánzhài), creditors (债主 zhàizhǔ) or creditor’s right (债权 zhàiquán).
务 (wù) as in affair (事务 shìwù) or work (工务 gōngwù).
Default crisis (违约危机 wéiyuē wēijī) word examples:
- Corporate default crisis (企业违约危机 qǐyè wéiyuē wēijī).