<< there will be no default. Heh. You have a point on a technicality, but I can assure you that people, who lend other people money would likely be a lot less

<< there will be no default. Heh. You have a point on a technicality, but I can assure you that people, who lend other people money would likely be a lot less technical about it. In other words, the default may be a shorthand for 'immediately unable to borrow more at the previous rate', but I suppose it is not as catchy.