Русско-англо-русский юридический словарь

In the event of default, interest shall accrue at Eighteen Percent (18%) per annum. (bid4assets.com)

A letter of guarantee is a type of contract issued by a bank on behalf of a customer who has entered a contract to purchase goods from a supplier and promises to meet any financial obligations to the supplier in the event of default. (Investopedia)

In Chinese private law theories, penalty is divided into two categories, namely, 'compensatory penalty' and 'punitive penalty'. The former penalty aims at fixing in advance the damages payable in the event of default. (Towards a Chinese Civil Code: Comparative and Historical Perspectives)

In Chinese private law theories, penalty is divided into two categories, namely, 'compensatory penalty' and 'punitive penalty'. The former penalty aims at fixing in advance the damages payable in the event of default. (Towards a Chinese Civil Code: Comparative and Historical Perspectives)