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.
Table 1. Definition. Strategic partnerships (SPs) are external relationships that directly support key business processes, outcomes and revenues. They are integral to ITâs ability to deliver business results to the enterprise. An SP that fails to deliver results will create business risk.