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.
现阶段河南省政府管理体制中存在的问题主要是政府在经济管理中职能越位、缺位和法制建设仍不够健全。
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.
债务违约是指债务高于能够被宣布到期应付违约事件或类似的事件默认的需求。
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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.
另一种，债务加速，需要超过了被宣布到期应付违约事件或类似的事件的预设要求的债务。
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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.
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