1923. 1  90 years ago today (Oct. 15), the New York Yankees won their first ever championship. The Yankees christened their brand new stadium in the Bronx -- forever known as The House That Ruth Built -- by winning the pennant by 16 games and dispatching the neighboring Giants in six games in the World Series.
Strategic default. A strategic default is the decision by a borrower to stop making payments (i.e., to default) on a debt, despite having the financial ability to make the payments.
strategic-highly important to or an integral part of a strategy or plan of action especially in war; a strategic chess move; strategic withdrawal; strategic bombing missions. important, of import-of great significance or value; important people; the important questions of the day.