Sovereign Default. Share. Loading the player... DEFINITION of 'Sovereign Default'. A failure on the repayment of a county's government debts. Countries are often hesitant to default on their debts, since it will be difficult and expensive to borrow funds after a default event. However, sovereign countries are not subject to normal bankruptcy laws and have the potential to escape responsibility for debts without legal consequences.
Exton, PA Profile: Facts, Map & Data. Exton, Pennsylvania - Basic Facts. The Exton Census Designated Place had a population of 4,906 as of July 1, 2016. Exton ranks in the upper quartile for Diversity Index when compared to the other cities, towns and Census Designated Places (CDPs) in Pennsylvania. See peer rankings below.
The town of Elkton is the county seat of Cecil County, Maryland, United States. The population was 15,443 at the 2010 census. It was formerly called Head of Elk because it sits at the head of navigation on the Elk River, which flows into the nearby Chesapeake Bay. Elkton was once known as the Gretna Green of the West because of its popularity as a place for eloping couples to marry. However, a state law was passed in 1938 requiring a 48-hour waiting period. To this day, there are several wedding chapels in the town.